Bitcoin’s Rising Value Enriches Early Adopters at the Expense of Everyone Else: ECB Paper

Dr. Ulrich Bindseil, Director General for Market Infrastructure and Payments at the European Central Bank (ECB), and Dr. Jürgen Schaaf, advisor to the same division, recently published a paper titled “The Distributional Consequences of Bitcoin.” In this paper, the authors analyze how Bitcoin’s rising value impacts wealth distribution and argue that it disproportionately benefits early

Source: CryptoGlobe