Sure, there's speculation there. Probably a significant amount. That doesn't mean Bitcoin is a vehicle for transferring wealth from new investors to incumbent i

Sure, there's speculation there. Probably a significant amount. That doesn't mean Bitcoin is a vehicle for transferring wealth from new investors to incumbent investors. There are quite a few people that aren't selling. There are quite a few people using it to get out of monetary experiments by governments. There are quite a few people using it to send money without intermediaries to family in the third world. I can't give you specific numbers, because the system isn't built to provide them. This is, in my opinion, a feature.