Oddbean new post about login | logout Many people aren't buying Bitcoin with strong fiat. The person buying 3k Euros worth of Bitcoin on a lark, didn't take on more risk or exert more effort than the one buying 3k Turkish Lira or Zimbabwe Dollars worth. They're just purchasing with a stronger currency.
Don't get me wrong. Still smart to convert those Liras to Sats. Just saying that the rich will always be among us, and it will continue to mostly be an artefact of environment, ancestry, and chance. Bitcoin might actually make that worse, in the short to medium term, as there is no new supply of money to access and the hodlers depress velocity.