The recent ECB paper claims that older Bitcoin holders may be accumulating wealth at the expense of new investors, suggesting that early adopters gain more while newcomers face higher risks. But isn’t this the case with most emerging assets? Early adopters often reap the biggest rewards, but they also shoulder the most risk at the start.

Education for new investors remains critical in this space. Understanding Bitcoin’s cycles and market behavior could bridge the gap, helping them make more informed decisions. Instead of framing it as a conflict between early and new investors, it’s better to see it as a learning curve that strengthens the whole crypto ecosystem as adoption grows.

Perhaps this is more about managing expectations—investors need to balance their excitement for future gains with the understanding that patience and strategy are key in the volatile world of crypto.

Do older Bitcoin holders really pose a threat to new investors, or is it just the nature of the game? Show Less