Litecoin Foundation Co-Founder Speaks Out On Bitcoin Exclusivity To Certain Groups Of People

Must Read

Make Sure You Trade Crypto In The Weeks To Come

Global finance has seen some massive shifts caused by the worldwide coronavirus pandemic, COVID-19. Despite all of this...

Bitcoin (BTC) Prices Priming Up To Fall Again, A Major Bull Trap Is Emerging

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already acquired the flat trend and...

Messari Analyzed The Impact Of The Percentage Of Total Tokens Staked Over Price

Over the last few years, staking has been a popular trend in the digital currency market. With the...
5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Litecoin Foundation Co-Founder Speaks Out On Bitcoin Exclusivity To Certain Groups Of People

  • Litecoin Foundation’s Wang Xinxi, a non-profit dedicated to developing blockchain technology through Litecoin.
  • People from the STEM background have a higher chance of investing in the Bitcoin market.
  • Xinxi’s stand on educational exclusivity to Bitcoin is only logical since the idea of cryptocurrencies.

Wang Xinxi, the co-founder of the Litecoin Foundation, a non-profit dedicated to developing blockchain technology through Litecoin, took it to Twitter to call out the exclusive nature of the most popular cryptocurrency, Bitcoin.

Xinxi tweeted out that Bitcoin was still unique to the elite population, most with a bachelor’s or master’s degree. People from the STEM background have a higher chance of investing in the Bitcoin market and that uneducated classes have little to no knowledge of Bitcoin. 

Advertisement

Annotation 2020-01-12 140657

Xinxi states that this goes against the core idea behind Bitcoin to be a cryptocurrency that caters to the people and gives them the transparent, decentralized and secure currency that they deserve.

He also speaks out on the vast gender inequality present in the cryptocurrency world and states that men are more likely to buy Bitcoin compared to women.

He ended his tweet by saying that Bitcoin was not cryptocurrency for the masses, but just a currency with a lot of value that gave unprecedented power to the male community from a science and technology background. 

Xinxi’s stand on educational exclusivity to Bitcoin is only logical since the idea of cryptocurrencies, in general, is much harder to conceive compared to fiat currency value or traditional earth mineral value. The reach of cryptocurrencies has widened tenfold since Bitcoin first gained traction.

Still, even to this date, the knowledge of cryptocurrencies and the advantages it provides over traditional currencies are unknown to most of the masses without working experience in the blockchain technology or the idea behind cryptocurrencies. 

His ideas on gender inequality in the space are also very accurate since it is genuine that females tend to buy bitcoin much lesser than men. Some research suggests that this has nothing to do with digital awareness but with more on security for financial wellbeing and financial literacy in a growing and highly digitized economy.  

Although Xinxi has stated his beliefs in the market trend for Bitcoin posing more towards STEM-oriented people, the audience to Xinxi’s tweet seems to disagree as many testify that they are, or know other people who heavily invested in Bitcoin without having a degree.

People state that education is the least necessary thing for getting into Bitcoin and that people need to understand the underlying principles behind the currency to understand why it is worth investing. 

It is also worth noting that as Xinxi rightfully states, the next big step for Bitcoin is to get it into the hands of the wider public and to educate more and more people on the value of cryptocurrencies. 

Hot News

Make Sure You Trade Crypto In The Weeks To Come

Global finance has seen some massive shifts caused by the worldwide coronavirus pandemic, COVID-19. Despite all of this current volatility, analysts do believe...

Bitcoin (BTC) Prices Priming Up To Fall Again, A Major Bull Trap Is Emerging

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already acquired the flat trend and start facing resistance from the...

Messari Analyzed The Impact Of The Percentage Of Total Tokens Staked Over Price

Over the last few years, staking has been a popular trend in the digital currency market. With the launch of the aristocrats, Cosmos...

Bitcoin Price Analysis: BTC Price Crosses $6800 After Long Consolidation Period

Bitcoin price has finally crossed the price mark of $6800 indicating bulls are marching for $7k. Bitcoin's current price now is at the...

EOS Nation Partnered With Bancor To Launch A New DeFi  Platform xNation

EOS Nation partnered with Bancor to launch a new platform called xNation. With the help of this platform, the user can introduce and...

Ethereum Classic (ETC) Facing Variations Above The Crucial Level of $5.05

ETC is in negative momentum and it can drop down below price level of $5.05. ETC/BCH pair is suffering a major loss of...

Partners

Bitcoin (BTC) Prices Priming Up To Fall Again, A Major Bull Trap Is Emerging

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already acquired the flat trend and start facing resistance from the...

Messari Analyzed The Impact Of The Percentage Of Total Tokens Staked Over Price

Over the last few years, staking has been a popular trend in the digital currency market. With the launch of the aristocrats, Cosmos...

Bitcoin Price Analysis: BTC Price Crosses $6800 After Long Consolidation Period

Bitcoin price has finally crossed the price mark of $6800 indicating bulls are marching for $7k. Bitcoin's current price now is at the...

EOS Nation Partnered With Bancor To Launch A New DeFi  Platform xNation

EOS Nation partnered with Bancor to launch a new platform called xNation. With the help of this platform, the user can introduce and...

RELATED NEWS

Make Sure You Trade Crypto In The Weeks To...

Global finance has seen some massive shifts caused by the worldwide coronavirus pandemic,...

Bitcoin (BTC) Prices Priming Up To Fall Again, A...

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already...

Messari Analyzed The Impact Of The Percentage Of Total...

Over the last few years, staking has been a popular trend in the...