Of course, BTC has grown into a "force to reckon with". But there's a long road ahead before it becomes big enough to challenge the traditional financial system (if it ever does). Bitcoin is only 15 years old. Who knows how will it perform in the future?
Bitcoin has only 15 years old but has an impressive growth in developments, adoption, value and price but it won't shrink the economy or expand the economy.
Because Bitcoin price increases because money flow into this market and the capital inflow comes from economy, not self-create by Bitcoin market. The shrink or expansion of an economy in national size or global economy depends on other components that interact with governments, banks and many companies and other things in a nation or the world. Bitcoin can not have a magic power to shrink or expand an economy.
And there are also some investors who consider this to be the simplest and easiest way as their investment vehicle for the long term. Because of the current inflation, the government must adopt policies that are no longer confusing and should not make too many adjustments that will make economists have to constantly rearrange their investment plans. and regarding Bitcoin will shrink the economy in my opinion see I think BTC will always run on its own trajectory.
If governments cared about it, they did not order massive printing commands to central banks to create new money supplies and caused inflation. They can tell you they want this, want that and they're doing this and that to fix inflation, but they lie.
Governments and central banks are the same and they will create inflation, halt it and inform you that inflation is fixed with their intensive efforts, then when you feel better they will print money again.
This chart gives you idea of governments never fix inflation, they create it.
