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/biz/ - Business & Finance

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9219037 No.9219037 [Reply] [Original]

If crypto is truly a transfer of wealth, then why would the wealthy buy into it?

>> No.9219048

>>9219037
To preserve some of their wealth

>> No.9219091

>>9219048
Ding ding!

Buy in early-ish, wait for markets to pump, then dump.

>> No.9219109

>>9219037
the wealthy are late to the game. why do you think they've been FUDing it so hard?

>> No.9219158

>>9219048

this is a retarded answer, try again

>> No.9219190

If you think rich people don't want to get richer, then you don't know rich people.

>> No.9219191

>>9219037
To transfer wealth from wealthy wealth-hoarding wealthsters at the country club for the wealthy. Its the wealthy way.

>> No.9219201

>>9219109

once you've bought Crypto it's no longer capital in the conventional sense. it's a risky asset that lost over half it's value at one point in the last 6 months.

you are an idiot to think that wealthy people (work wealth management) put money in crypto

it's hard for me to imagine anyone with an IQ not coming to this conclusion. you can find wealthy p people who hold a lot of crypto, but they are the exception to the rule.

>> No.9219252

>>9219201
So then we can conclude that cryptocurrency is actually not a wealth transfer?

>> No.9219259

Wealth is transferring from morons that can't do basic math or research.

>> No.9219279

>>9219201
you're joking right? billionaires have been diving into crypto for years

>> No.9219303

>>9219252
there is no rich - poor transfer, wealthy goys can afford to risk far more on the imaginary internet money, they are going 10x with us but with millions on the table. it is retarded to think they would not be better equipped to profit from this than the poors