Current government policies are the biggest causes of wealth inequality[1]. On the other hand global trade, which is an actual free market, seems to result in l

Current government policies are the biggest causes of wealth inequality[1]. On the other hand global trade, which is an actual free market, seems to result in less wealth inequality over time[2]. As such, I wouldn't be so sure that cryptocurrencies will only exacerbate inequality. "Free markets" often required a central entity to draft and enforce laws, giving this central entity power and incentives to favor certain market participants, by selectively applying or changing the rules. Cryptocurrencies could bring about actual free markets in places where there weren't before, by autonomously codifying and enforcing laws. [1]: https://www.federalreserve.gov/econres/notes/feds-notes/wealth-inequality-and-covid-19-evidence-from-the-distributional-financial-accounts-20210830.htm https://www.federalreserve.gov/econres/notes/feds-notes/weal... > Despite the fall in equity markets that drove a sharp decline in wealth in 2020q1, equity prices rebounded quickly after the Federal Reserve, U.S. Treasury, and Congress took steps to stabilize financial markets and the economy, and households gained over $18 trillion in wealth since the beginning of 2020. This 17% increase over 2019q4 was driven by asset accumulation much more than by debt paydown. Further, asset-price increases were the dominant source of wealth accumulation, accounting for nearly 80%. [2]: https://theconversation.com/global-inequality-may-be-falling-but-the-gap-between-haves-and-have-nots-is-growing-159825 https://theconversation.com/global-inequality-may-be-falling..., https://www.un.org/en/un75/inequality-bridging-divide https://www.un.org/en/un75/inequality-bridging-divide