Crypto Does Not Discriminate Like The SEC Does

Investment has always been a rich man’s game. The rich always get more opportunities to multiply their money. Common folks are left with very little to invest in.

The U.S. Securities and Exchange Commission (SEC) has something called as an “accreditor investor.” Only those people are allowed to make certain types of investments. Only they are allowed to invest in securities that are not registered with the SEC. One can become an accredited investor if they have a large income, net worth, asset size, governance status or professional experience.

The system of accredited investor is not just in the US. Most countries have such a system in place, limiting the avenues that common people can invest in. Regulators argue that such systems are needed to safeguard investors. But in reality, they are discriminatory in nature. They act as a barrier, preventing common people from investing in securities that they feel is right for them.

Cryptocurrencies, on the other hand, are non-discriminatory. An individual can choose to buy just $10 worth of Bitcoin on an exchange, or for $1 Billion on an OTC Desk. They are also borderless. Most securities exist within the imaginary borders created by humans. Bitcoin does not see borders. Anyone can choose to invest in Bitcoin.

Investors in developed nations such as the US and Japan are betting on Bitcoin as an investment. However, for those in Vietnam, it is protecting investors from hyperinflation and losing all of their life savings. Bitcoin can be whatever an individual wants to be.

For the first time in nearly 40 years, the SEC agreed to lower the barrier to the accredited status. However, looking at the proposal, nothing much has changed. Most of it is applicable only to Wall Street insiders such as licensed brokers or ‘knowledgeable employees’ of private investment funds. For now, cryptocurrencies are the only known asset that is available to everyone on a level playing field.

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