**Bitcoin** comes with a lot of unfulfilled promises.  That is okay since it is technology and often that evolves in ways people do not imagine.  However, when it comes to the financial distribution, it seems that Bitcoin has some work to do even to catch up to the USD.

This is not something you would expect from the "people's money".  In fact, Bitcoin was deemed the solution to many of the wealth inequality issues that plagues us due to fiat currency.  Nevertheless, it appears that Bitcoin is even in worse shape than the USD.

Of course, we have to keep in mind that Bitcoin is only at this 14 years while the currency USD system started more than a century ago.  Nevertheless, this could be a monkey wrench in the talking points of Bitcoin.

<center>![image.png](https://images.hive.blog/DQmQv7p2vxbibF4EKAnMhJHdmsBN477ZXvpGaPrpHEV1mss/image.png)
[Source](https://www.gannett-cdn.com/-mm-/3d93021e91b0ec7a084ab7d527e0eff44827b6fb/c=0-104-2000-1229/local/-/media/2021/04/03/USATODAY/usatsports/MotleyFool-TMOT-feccc6d4-bitcoin-logo.jpg?width=2000&height=1125&fit=crop&format=pjpg&auto=webp)</center>

### Top .01%

We all know about the Top 1 percent.  This is part of the rhetoric we hear quite often these days.  Wealth envy, justified or not, is at the root of class warfare taking place.  Naturally, everyone wants what others have.  Many view the present system as completely unfair and deems people to "financial slavery".  

A lot feel that the ability to inflate, or print money, is at the core of this.  Thus, the solution was a **deflationary token** that would solve all the problems.  Unfortunately, when it comes to wealth inequality, fixed currency is even worse that fiat.  The historical evidence of this is horrific.  Yet people still fall for it (along with the money printing jargon).

So what is the deal with Bitcoin?

According to the National Bureau of Economic Research, 10,000 wallets over 5 million Bitcoin.  This is a significant amount of what was mined already.

>The National Bureau of Economic Research, an American private nonprofit research organization, released a study claiming that 10,000 Bitcoin investors, or 0.01% of all BTC holders, own 5 million BTC, or 27% of all 18.9 million coins in circulation.

This is a significant amount.  The article does state that it includes Satoshi's wallet which nobody is sure whether that is locked up forever or if someone will eventually access it.

Nevertheless, when it comes to comparing the elite of Bitcoin to that of society, we see this:

>According to the WSJ report, the top hodlers control a bigger share of BTC than the richest American households control in dollars. Citing data from the United States Federal Reserve, the report notes that the top 1% of U.S. households hold about a third of all wealth.

<center>[Source](https://cointelegraph.com/news/0-01-of-bitcoin-holders-control-27-of-all-circulating-coins-study)</center>

This certainly puts things into perspective.  Of course, what we are seeing here is the results early in the game.  Even though we have 14 years of Bitcoin, most are just learning about it.  

Many believe that Bitcoin allows itself to spread further out over time.  The idea is that it has the ability to decentralize since nobody controls it.  While that is potentially correct, it is highly unlikely.

The reality is that **Bitcoin is only going to get more centralized over time**.  We are early in the game and the entrants into this asset are going to be the big money players.  There is no way around it.  With only 21 million Bitcoins available, they know it is fixed.  Hence, they can roll in with their enormous AUMs and gobble it up.  As stated for a while, Bitcoin is going to become **Wall Street money**.

### Creating Millionaires

All is not lost though.  We are going to see Bitcoin create many millionaires over the next few years. One advantage people have is Wall Street is mostly on the sidelines.  For many firms, the market cap is still too small to mess with.

Here is where the opportunity exists.  While the Bitcoin whales are huge, it is not going to take whale status to make a fortune off BTC.  When Wall Street does show up, they will send things skyrocketing.  Anyone who has a decent stake in BTC will profit, handsomely.

As for **overall decentralization**, we need to step back to realize how that is taking place.  To focus upon on particular token tends to show how centralized things are.  However, if we look at the totality of what is occurring, we can see that the entire industry is heading in this direction.  While one token might be held mostly by a few people, the number of people holding sizeable stakes in all the different tokens is large.  Here is where we see the wealth spread across a lot of people.

When Wall Street starts to buy up Bitcoin in large chunks, think Michael Saylor but on steroids, that will allow many of the people who are in now to cash out.  These funds can be applied to other projects, further **decentralizing the wealth** generated within the cryptocurrency realm.

Naturally, there will be some who opt to HODL as Wall Street piles in.  Those people are going to enjoy the ride that is presented to them.  Either way, massive gains should come.

Is it a bad thing that Bitcoin might have missed it mark?  Not in the slightest.  Bitcoin already changed the world and opened up the door for an entire industry to form.  Many other projects are working to achieve the vision that was first presented by Bitcoin.

In the end, it is not going to be one blockchain or any single token that achieves it all.  Instead, we are going to have a cross-section of many different projects, all filling in different holes.

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