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by rspeele 1728 days ago
95% is clearly a number pulled out of thin air, but it is likely that most people have not realized a profit from Bitcoin. Where would the money come from? The only way for a majority of investors to realize a (small) gain is for the minority to pay for it in a (larger) loss. And that's for a zero-sum game. In Bitcoin, since running the system involves continuously consuming real world value in the form of billions of dollars worth of energy per year, it's most likely that the majority of participants end up at a loss.

Just imagine everybody in the world buys as much Bitcoin as they can afford, immediately.

How much richer are we all, in aggregate, at the end of the day?