Can crypto currency really put an end to porverty?

[Mango9]

You've probably heard that because of Bitcoin's quick price rise, only the rich can utilize it. Some people have always viewed Bitcoin as a financial tool that benefits the wealthy. Global enterprises and well-known fund managers were, in fact, early users of Bitcoin. There isn't enough proof yet that Bitcoin will be essential in eradicating poverty. However, a lot of individuals think that this digital money can benefit the underprivileged.
The hyperinflation in their countries affects the poor. In underdeveloped nations,
Governments produce too much money, lowering the value of fiat money. In these nations, inflation raises the price of commodities. Additionally, the value of the money in the bank accounts of the poor decreases.
Since there is no central authority or government controlling its creation, bitcoin is decentralized. Furthermore, because to its limited supply, there can only ever be 21 million tokens in existence. As a result, its value rises in tandem with rising demand. Inflation is avoided by bitcoin's restricted supply. As a result, Bitcoin prevents inflation, ultimately reducing poverty worldwide.

 

[Ithedicious]

I don't really think that the main purpose for which bitcoins was created was to eradicate poverty. Cryptocurrency was created for people to invest and make money both as long-term or short-term depending on people's interest . At the same time people can also make money with cryptocurrency by trading it directly.

Anyone that have the interest to use cryptocurrency in this way can generate at least some extra money as an investor or as a trader and it is based on a person's interest. And it was not specifically stated that cryptocurrency was invented to eradicate poverty. .

Yes I understand , there is no authority that controls the operation of bitcoins , not even the government because bitcoin is a decentralized technology that was invented to help people make profit. Anyone that is interested to make use of the block chain technology for his or her advantage will always have a lot of opportunity to do so.