Inflation creates inequality by enriching millionaires and limiting the opportunities of ordinary people. In 2024, the number of millionaires in the USA reached new records, and it's important to understand how this is related to investments and Bitcoin.
Record Millionaires in the USA
According to UBS, in 2024 there were nearly 24 million millionaires in the USA, representing 7% of the American population. Key factors for this growth are linked to the rise of the stock market and the stability of the dollar. Over the past year, the country saw an addition of 379,000 new millionaires. In contrast, China has 6.3 million millionaires.
The Role of Bitcoin in Finance
Bitcoin, with a market capitalization of around 2.2 trillion dollars, constitutes only 1% of the total wealth of millionaires. However, according to Michael Saylor, Bitcoin has enormous growth potential as a means of capital preservation, standing in opposition to traditional assets that suffer from risks and downturns.
The Savings Revolution and Bitcoin Accessibility
Bitcoin offers a revolutionary alternative to traditional investments, allowing anyone, regardless of income level, to acquire the asset. Each Bitcoin can be divided into 100 million 'satoshis', making it accessible to everyone. This levels the playing field for ordinary people in the face of inflation.
Inflation contributes to the accumulation of wealth among millionaires, while Bitcoin provides ordinary people with the opportunity to preserve their capital and gain access to finance. This makes Bitcoin an important tool in the fight against inequality.
