{"id":79755,"date":"2024-10-21T09:01:08","date_gmt":"2024-10-21T09:01:08","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=79755"},"modified":"2024-10-21T09:01:08","modified_gmt":"2024-10-21T09:01:08","slug":"how-bitcoins-success-could-be-fueling-poverty-for-latecomers-and-non-holders-ecb-economists-claim","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=79755","title":{"rendered":"How Bitcoin\u2019s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim"},"content":{"rendered":"<p><img width=\"768\" height=\"432\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"How Bitcoin's Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty-300x169.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty-1024x576.jpg 1024w, https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty-768x432.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty-190x107.jpg 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty-380x214.jpg 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty-760x428.jpg 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/10\/bitcoin-poverty.jpg 1280w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\">Bitcoin\u2019s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin\u2019s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy [\u2026]<\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin\u2019s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":79756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-79755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/79755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79755"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/79755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/79756"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}