The difficulty of acquiring 1 BTC

English Feb 2, 2021

Changpeng Zhao, Binance's CEO, says it will be increasingly difficult for ordinary people to accumulate 1 entire bitcoin.

Amid the recent euphoria over Bitcoin's rise that followed institutional investors entering the market, a negative point may be passing by for many.

The chief executive of the world's largest cryptocurrency brokerage firm in terms of market value pointed to the entry of these major players as the source of what he already considers a current problem.

With the upward movement of crypto, its historic high reached around 42 thousand dollars, the expectation is that the price will not return to the previous levels.

The new scenario makes it difficult for the lower classes to shell out thousands of dollars to buy a full unit of bitcoin. The nature of the currency's value reserve will accentuate this gap in the long run, further favoring early adopters.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.