what are the effects of bitcoin on the world economy?

[Tuyul Gupies]

since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $

let's share

[expert4knowledge]

For now, none effect but they will start to anticipate the effects ,so you might want to earn quickly what you want because they will , i can assure you, do something to fight or control the bitcoin and we will live an other big dump like the china ban

[pankowri]

The effects of Bitcoin are positive. Because, by working here, everyone get money. It is one of biggest part of economy. Bitcoin helps to increase the economy on the world.

[yusupjatigumilar]

indirectly bitcoin affects the world economic growth, many people whose lives change due to bitcoin, either change it to be better or vice versa, but the government tends to turn a blind eye to this one commodity, even in some bitcoin countries in the block for used transactions, it is reasonable bitcoin in block as a means of exchange because it is feared will make the country's currency exchange rate will go down

[intoy_victor]

It has big effect in the world economy, especially in the poorer countries that they have to work to overseas to earn money so they could help their family, but if they know how to work here in bitcoin they dont need to go other country to earn money and to buy there demands in life. For instance if they earn here in bitcoin and they are continted of there income they dont have to go far country just only to earn money. Even if you are in your home you could work here.

However if more people are working here in bitcoin in the future there are many people will be rich to. And they could help their country to increase there economic.

[berrygood]

I think it has no big effect on world economy because it is still little compared to world's biggest companies.

[elpsycongree]

Currently, bitcoin has no effect on the world economy since it's decentralized. So the price of bitcoin will not affect any economy of any countries if the price of bitcoin drops down hard.

[jonnybravo0411]

since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $

let's share

The effect is not and will not be, even those countries in which it is legalized it does not help them in solving their problems. So while these are all just words.

[Lykslyks]

indirectly bitcoin affects the world economic growth, many people whose lives change due to bitcoin, either change it to be better or vice versa, but the government tends to turn a blind eye to this one commodity, even in some bitcoin countries in the block for used transactions, it is reasonable bitcoin in block as a means of exchange because it is feared will make the country's currency exchange rate will go down

This is true. There are positive and negative effect to the economy of each country. Bitcoin help those people who earns here in terms of good rates and exchange so they will be able to provide the needs of their families. However, i still believe that the government see's it's worth it's just that they want to regulate it so that it would be a help to their country's growth.

[pauuui]

Nope, the world economy is not affected by bitcoin because they're not the ones handling bitcoin, they have no rule over it and that they are also not gaining from it. so those that are only affected by bitcoin are us investors/individuals

[Gibreil]

since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $

let's share

We cannot see the global effect of bitcoin in the first 5 years but I am sure that time will come, bitcoin will change the world. Bitcoin changes our life, status and economy. Bitcoin might reform the current problems in every country specially starvation and poverty. We can see the bright of tomorrow.

[exstasie]

I think it has no big effect on world economy because it is still little compared to world's biggest companies.

Which companies did you have in mind? Bitcoin is now larger than some of the biggest commercial banks, like Bank of America, Citibank and JP Morgan. It's bigger than AT&T, one of America's largest telecommunications companies. At this rate, it will outsize every company in the world by next year.

Currently, bitcoin has no effect on the world economy since it's decentralized. So the price of bitcoin will not affect any economy of any countries if the price of bitcoin drops down hard.

What does decentralization have to do with it? Apparently, institutions (read: Wall Street) are entering the market via GDAX, Gemini and now CBOE/CME and perhaps NASDAQ futures markets. That means that funds with major balance sheet exposure are now entering crypto markets. That's why the Futures Industry Association (big banks and brokers) recently warned regulators that the risks of bitcoin futures contracts haven't been properly studied. They think exposing massive balance sheets to such a young technology could add a new element of volatility to world markets.

[benmartin613]

well what I ask is whether its influence on the economy

It doesnt effect the economy but it effect the people who uses bitcoin, people who are in bitcoin are into trading they gain wealth only for themselves and the profit that they get doesnt affect the economy of such country.

[stephanirain]

since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $

let's share

The effects of bitcoin in the economy is that it gives people a source of income who needs money and it also reduces unemployed people in a country because bitcoin can be consider as a job that you are still earning money from it. That's why i hope bitcoin will stay longer so more people will be help by bitcoin.

[boyptc]

Effects of bitcoin to those new rich people that came from the mid class of society will be spending their profit to buying whatever they want and I guess buying new homes and cars that they love. And that leads to the taxation for the government and will make the countries economy boosts.

[aoihs00]

since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $

let's share

It won't affect the world economy unless and until the circulating money is destroyed due to some reason or may be if it never came back into the circulation of national economy. In these events it could really hurt the world economy or more or less to the national economy too.

I have one more thought about this one, national economy is decided on the ultimate fate of taxation. I mean if government is receiving proper taxes then they can use the same money for goodness of people and for the development of national infrastructure etc. This way a nation can stand a chance to have healthy economy. But if in case of bitcoin, it is banned and people within that nation are stilling putting loads of money into bitcoin then that money is unidirectional and it doesn't really come back to national circulation and over the period of time it can disturb it specifically.

[Dodoymabs]

Effects of bitcoin to those new rich people that came from the mid class of society will be spending their profit to buying whatever they want and I guess buying new homes and cars that they love. And that leads to the taxation for the government and will make the countries economy boosts.

So still the government have benefits thru bitcoin in exchange of buying things like cars and houses. And these will still contribute to the economy because buying this things probably have taxes. So true that bitcoin helps everyone to achieve their goals to become rich and to help the world economy become more stronger than before.

[NyLymZbl]

In my opinion, Bitcoin does not affect the Economy as it does not belong to any government department. Bitcoin affects its users. Its provides oppurtunity to people to fill their financial problems, as they use Bitcoin in the right way.

[Endikadija]

since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $

let's share

The bitcoin is not influenced the economic but that gives a new way to manage the economic structure, The economic aspect depends on the people managed their amount. But the bitcoin disrupt the classic economic.
As you can see many countries talked about how the bitcoin become a new way to manage our finances to get the more transparency. More newcomers will make early adopters rich

[maydna]

I think the effects of bitcoin on the world economy is people open their eyes to bitcoin and they are amazed at bitcoin. they cannot believe that bitcoin price can increase like now. they now think that bitcoin is the best investment and they start to invest their money in bitcoin although the price is higher, they still want to invest their money. the other effects of bitcoin is people can solve their financial problem by earning bitcoin so they can have money to fill their daily needs.