The birth of Bitcoin

Social inequality has also increased meaningfully since the global recession. Again, this is due to the huge amount of liquidity, or new money supply, entering the global financial system and pouring into asset classes, such as real estate, stock markets, and venture capital. This, of course, inflated their prices. As these asset classes are normally mostly accessible to wealthy investors that use the services of savvy asset managers, the net effect was a growing wealth gap. On the other hand, the majority of people with little or no investable assets, whose income is mostly based on labor wages, haven't nearly experienced the same wealth effect. This has probably had implications on the global political landscape in recent years, but since political economics is not our scope here, we won't cover it.

Long story short, in the midst of such unprecedented and critical events in the global economic and financial landscape, Bitcoin was born.