{"id":1454,"date":"2024-10-21T15:34:02","date_gmt":"2024-10-21T15:34:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1454"},"modified":"2024-10-21T15:34:02","modified_gmt":"2024-10-21T15:34:02","slug":"early-bitcoin-buyers-could-impoverish-the-rest-of-society-european-central-bank-paper-claims","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1454","title":{"rendered":"Early Bitcoin Buyers Could &#8216;Impoverish The Rest Of Society,&#8217; European Central Bank Paper Claims"},"content":{"rendered":"<div>\n<p>A new <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/02\/37270136\/if-you-invested-1-000-in-bitcoin-when-the-ecb-said-its-irrelevant-heres-how-much-you-would\">European Central Bank (ECB) report<\/a> has stirred controversy by suggesting that <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) adoption results in a redistribution of wealth from latecomers to early investors.<\/p>\n<p><strong>What Happened: <\/strong>The <a href=\"https:\/\/t.co\/u0lqpTuyMl\">paper<\/a>, titled \u201cThe distributional consequences of Bitcoin,\u201d contends that even if Bitcoin\u2019s price continues to rise indefinitely, only early adopters would benefit while latecomers and non-holders would suffer significant consequences. <\/p>\n<p>Authors <strong>Ulrich Bindseil<\/strong> and<strong> J\u00fcrgen Schaaf <\/strong>argue that Bitcoin\u2019s original vision as a global payment system has failed, leading to its repositioning as an investment asset.<\/p>\n<p>The economists assert that Bitcoin \u201cdoes not generate any cash flow (like real estate), interest (like bonds) or dividends (like stocks), cannot be used productively (like commodities).\u201d This makes traditional valuation methods ineffective for Bitcoin.<\/p>\n<p>They argue that Bitcoin\u2019s potential for perpetual price increases, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41432431\/early-bitcoin-buyers-could-impoverish-the-rest-of-society-european-central-bank-paper-clai\" alt=\"Early\" bitcoin buyers could the rest of society european central bank paper claims>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new European Central Bank (ECB) report has stirred controversy by suggesting that Bitcoin (CRYPTO: BTC) adoption results in a redistribution of wealth from latecomers to early investors. What Happened: The paper, titled \u201cThe distributional consequences of Bitcoin,\u201d contends that even if Bitcoin\u2019s price continues to rise indefinitely, only early adopters would benefit while latecomers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1454","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1454"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1454\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}