A more cynical take on Crypto: Crypto will not create a Utopia of Equality. Wealth gap will exist and will be big. But it is your chance at equalizing that gap.

Cryptocurrency has already minted hordes of millionaires since 2013. More and more millionaires have been added to this list. Many users here can count themselves to have 'made it' and are looking to 'make even more'. I have talked to many crypto users who have 'made it' and many of them started from nothing. Before crypto, their only hope was to find a job and retire after age 60 if they're lucky. With crypto, they've managed to break through the barrier and are now living according to their own terms.

Yet cryptocurrency will not create a complete equal system. Humans have been hoarding stuff and engineering social status for 10,000 years. Do you think a sudden tech made 12 years ago will randomly erase the evolutionary needs of humans to be greedy motherfuckers, to hoard stuff, to own more stuff, to flex stuff? No. People who started from zero who have 'made it' will continue to protect their wealth using whatever knowledge they know. It means they'll invest before everyone else, pay whatever gas they need to mint the rare NFTs, pump money into VC ventures and dump money when they take profits. That's how humans were, are and will be. Crypto will never change that.

This is why I don't expect any equality in crypto. Yes, it will re-distribute wealth and mint a new rich class. But this new rich class will hoard their wealth and do all they can to protect their assets just like the social media moguls back then and the industrial barons from 100 years ago.

Consider this:

During most crashes, a lot of retail investors won't hold and sell. It's the crypto whales who are buying because they can. It happened in 2014, 2018 and it happened 3 months ago. Eventually the whales accumulated and retail investors keep complain about the widening gap when it was them who sold their tokens to the whales.

Best you can do is to focus on yourself and do whatever is best for you. Don't expect crypto to bring equality and don't be surprised at how filthy rich some early crypto whales are.