Will bitcoin effect the current economy system?

[ljm8888]

The current bitcoin is already affecting the world's economy. Maybe most people haven't found it yet? Bitcoin starts from its crazy price rise. It has a place in the world economy.

[Erza]

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

IMO, there will be an affect to our country if bitcoin is used for a payment may be it will have affection but instead of using it as payment they can trade it and get profit with it, so I do not think it will affect them, even they can raise their money value and make every single country to be better because everyone can convert it to each own fiat. It will give positive way in exchange

[shulio]

It will change the whole world economy and our daily life. The current economic system castles ( big companies, g5, g8 countries, USA, Europe) will act against Bitcoin and crypto currency, and they will start a war in the near future.

[just_Alice]

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

It has minor effect for now, I think. In most countries you still can't buy anything with bitcoin, but when most people start using bitcoin and keep their savings out of banks it will affect country's economy a lot. As for today, country's economy influence Bitcoin rather than the reverse.

[Eternu]

Of course it will have effect on economy system, as a matter of face it already had. When ban of crypto in china happened, they didn't ban only ICOs, they baned bitcoin and all cryptos as well. From what i know they had feared for their economy in that moment, so they decided to ban cryptos until they could regulate it more. Now they allowed it again, but with regulations. Therefor we can all agree that it have effect on current economy system.

[Leeeeeya]

It is already affecting some countries economy and soon will be the world's economy because it gives hope to those unemployed people to have the opportunity to earn money and also because it is an easy way of earning money.

[James_Spider501]

The current bitcoin is as of now influencing the world's economy. Perhaps the vast majority haven't discovered it yet? Bitcoin begins from its insane value rise. It has a place on the planet economy.

[snipetr]

 Bitcoin is affecting current economic systems of many countries. Bitcoin is a first digital cryptocurrency introduced to the world.  People like the unique features of bitcoin currency. Bitcoin is the currency they are waiting for centuries. People who are tired of centralized and compromising currencies immediately shifted their investments from fiat and traditional currencies towards much transparent bitcoin currency. Not only developed but underdeveloped and African countries also started investing in bitcoin currency. Decentralied currency like bitcoin has become a ray of hope for such devastated economies. As a result government and financial institutions from such countries are putting pressur on bitcoin currency, they are trying to regulate bitcoin currency.

[dejan_p]

well its still not powerful to create a new economic crisis, but something other will, and then people might turn to crypto as a safe investment.. but, given the prices are unstable..some will profit, some will lose - it will be just as always 

[JoshMart]

I think that it does have an effect on economy. Let's look at the fact that a lot of people who otherwise didn't have any means of earning found their niche in BTC. It may change the lifestyle of a lot of people. There are people who want to get rich via BTC in order to help their communities in one way or another then there are those who will focus on uplifting their own way of living. It has the capability to expand the buying power of people.

[shezu007]

Bitcoin will effect the economy of those system which are against of the bitcoin. Because the people of that system will not utilize the bitcoin qualities of economics. And the system will be effected. If bitcoin is accepted by the all system then no system will be effected by the bitcoin.

[3la9l_kolbaCa]

if the worlds get cashless system for sure there will be business now that are running faster than ever because we don't need to fall in line and wait for our turn to make payments right using cashless system we are going to make payments easily. bitcoin would do it for us.

[hannahB4]

I was amazed about the large publicity of Bitcoin trading in my country as a developing country one won't expect much from my country. I know of few youths who are involve in the trading and with this they can feed for themselves and their family. It has affected my economic system positively neglecting the exchange rate.

[innocent93]

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

It could in deed but there is also a question of the national culture related to money. There are people who enjoy to feel the paper money between their fingers so the change will be in a long period of time.

[smith136]

For me it already is, with the governments in different countries imposing taxing regulation on cryptos, adoption of blockchain on businesses, stock traders moving towards crypto trading, decentralized type of system copied from blockchain by many companies and many more. We will see more of development in different sectors and industries if this cryptocurrency especially bitcoin continue to increase its market and its price.

[Digital Mutant]

At the moment it is not affecting the economy, the fact that it runs in parallel with fiat money based economy and also the small number of adopters make it a 0,0000000... % of the economy.
But in the near future it will be reconized as an asset and blockchain technology will disrupt a lot of economy areas leading to a new tokenized economy and to a new system based on new automations.
In this scenario bitcoin will be more relevant, but all goes together, we are at the beginning of a new era of disruptions and new models, economy will b global and hopefully based on a new internet, of things, of money, of society, etc

[fachant]

Yes bitcoin will effect in the economy system of the country specially on the financial aspect of the people who are engage with it. The growth of population of bitcoin users who tries their journey to somehow make their lives change with the help of bitcoin. As people do have earning a big effect to the economy because they can now buy all the commodities they need in their daily lives, poverty lessen and unemployed people are given a chance to make money by doing bitcoin.

Can you tell me how unemployed or poor people should buy Bitcoin? For the money they do not have? The fact that the bitcoin community is growing has a very small impact on the economy. These are investments in bitcoin not in the economic system.

[Finestream]

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

It could in deed but there is also a question of the national culture related to money. There are people who enjoy to feel the paper money between their fingers so the change will be in a long period of time.

I think those type of people are not the majority type.I believe most of the people possess being a humanitarian in their own way.Bitcoin if properly used can really uphold the welfare of the current economy system.Big example of it is minimizing poverty through making unemployed people have their own job that will serve them as one of their source of income.

[dothebeats]

It is already affecting the economy little by little, and by the looks of it, it appears that Wall Street money and attention is slowly diverting towards bitcoin and other crypto assets. Eventually, everyone will be digging bitcoin and other crypto and the governments would need to keep up by taxing it or imposing stricter regulations so as to retain the control they have on the people.

Can you tell me how unemployed or poor people should buy Bitcoin? For the money they do not have? The fact that the bitcoin community is growing has a very small impact on the economy. These are investments in bitcoin not in the economic system.

Why would they do that if they don't have the money, or can't afford to lose money in the first place? Putting your money into crypto assets is still a very high risk even with the huge attention it is gaining from the worldwide community, so the answer to your question is no.

[Nikola95]

yes, it will affect the economy alot. Everything has changed since bitcoin was created and you can see how important bitcoin is. THerefore, bitcoin will become one of the most important things in the world economy

It can affect, but I would not say it will. It's a long way, and there is no guarantee that any crypto is going to become a major world thing, that can affect global economy. Even BTC despite it is most popular.