Which country has fewer poor than American and 80% of the Bitcoin transactions? Although it might come as a surprise, the answer is China. Despite a stock market and currency crisis, China has fewer poor than America, according to a Credit Suisse report. Yet, there is one thing of which this report falls a bit short: good data. Much of the data in the report is from government bodies and international bodies. People with firsthand knowledge of each country might take contention therewith. Nonetheless, CCN wondered if Credit Suisse’s numbers could explain China’s large Bitcoin volume.
According to the Credit Suisse Wealth Report, there are more poor people in the United States than in China. For instance, nobody in China is in the bottom 10% of the world’s population by wealth, while North America is home to 10% of such people. Here is a chart for perspective.
North America is home to some of the 10% poorest in the world and 30% of the richest. As Tim Worstall writes