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A New Upper Middle Class

Throughout time, there has always been some form of distinct class system enforced within our culture. These divisions were set in place based on many factors throughout history... Whether it be ethnic origin, creed, culture, religion, or monetary status, there has always been division. Today, the world is a smaller place. Technology has enabled travel between countries reduced from months at sea to hours in the air. Our cultural divides have be reduced by global economics, shrinking natural resources, and world wide competition. And though there may be pockets of individuals who seek to divide the world with old rules, the real divide today is truly economic... There are those that have and those that don't. There are producers and consumers. There are business minded people and then there are worker bees. And even though monarchies still exist and the true elite still wield power through a gross wealth advantage, there is still a global shift taking place amongst upper, middle, and lower classes of the world afforded by the cryptocurrency revolution.

According to Pew Social Trends, Americans making less than $40,500 belong to the lower class. Those making between $42,000 and $126,000 belong to the middle class. And finally, those that make more than $126,000 make up the upper class. Yet and still, the top 1% income earners of in America still has more than 90% of the wealth. If we distilled these facts, it's not a leap to see that the introduction of cryptocurrency into the world's financial infrastructure could provide an opportunity for shifts to occur in what is considered lower class and middle class in America. At the very least, the numbers defining the lower and upper markers of the middle class will widen as this group represents 50% of Americans. Imagine hypothetically, an exponential increase in the value of cryptocurrency with the potential of 5% of middle class Americans taking advantage of this investment opportunity. If just 5% of middle class America seizes this opportunity, it could push the upper boundary of the middle class income bracket up significantly. If the new upper limit for the middle class were pushed up 20%, it would mean a $150,000 limit.

Historically, when the middle class expands, property values go up, inflation goes up and the poor become even more destitute. In addition, the ultra wealth find new ways to leverage new found assets, opportunities, etc. Thereby pushing their lower limit up. While this drama plays out in the crypto space, it is likely there will a number of individuals catapulted to the upper class. It's an exciting proposition. The only apparent barriers to these developing economic changes appear to be the introduction of government regulations and mass adoption of these emerging blockchain technologies.