Bitcoin got one more problem

Bitcoin is growing too fast. It outpaced any assets in the world, and that is a miracle. But that is bad.

It only took Bitcoin a decade to become 10,000X worth of dollars.

In the past decade, the monetary policies that encourage investors to take as many risks as possible has ended poorly with an inflation hike.

Fast growth is bad, and ChatGPT confirmed it too:

Fast growth can be bad because it can lead to oversaturation of markets, increased competition, and difficulty in maintaining quality control. Additionally, fast growth can also put strain on a company's internal resources, such as its management and workforce, which can lead to burnout and other issues. Fast growth can also lead to financial instability, as a company may not be able to generate enough revenue to sustain the growth and meet its financial obligations.

Although you may think fast growth is fine with it, it only benefits some people.

Does Bitcoin have to benefit everyone?

It should be. Bitcoin is to replace the current financial system. But why it only benefits a few?

It makes the wealth gap wider, making Bitcoin a questionable asset that is no different from its predecessors.

Thus, Bitcoin grows too fast, leaving lots of people behind and is not sustainable.

Check out my new book at here

Support writer here or join Medium here.

Photo by Towfiqu barbhuiya

Note: Cross-references of this article have been created by the author and have been cross-referenced on multiple platforms here. Please reference the resources and credits here. Reach out to the authors if you have any questions.