Bitcoin contribution to World' income

[metenjean]

I don't think bitcoin contribute to world income, you could say that bitcoin contribute to developing countries income but the whole world?? I mean bitcoin is just another investing tool where the money made from it was being transferred from others account who also invested in it. So generally the money just revolving around the world itself, oh and also did you count how many people scammed by other investment using bitcoin as a disguise, did it also count as world's income?

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[SixOfFive]

Bitcoin does not have a significant contribution to the world income. The population of the world who are aware of the cryptocurrency is not significant enough to make any contribution towards world income. Bitcoin is yet in its infant stage. The adoption of gold and fiat currencies is much more than Bitcoin. So, its contribution is insignificant.

[ylnar123]

Emm, your calculations seem to wrong from the very beginning. Forst of all what is the general amount of the world income and how do you calculate it? You need to show its structure. Also it seems like you are adding the BTC market cap (which can't be concidered as income) to the rest of the numbers.
Bitcoin is a currency and if you need to compare it with something then you may try compare it with the supply of the US dollar. You will get less impressive numbers.

I think he belittled bitcoin's contribution to the world economy. But when he said about the total contribution of all crypto including all at coins the maybe we can see the boost it gives. Then again comparing Bitcoin to dollars must be considered as they are different kind of currency and who among the two contributes more.

[kauban2018]

Based on my research, Despite shutdown of an illicit Internet marketplace, virtual currency blooms and bitcoin is part of that virtual currency. Bitcoin is considered as the first cryptocurrency with the deep structure, wide adoption, and trading momentum to achieve escape velocity.
It was also said that of all other digital transfer tool bitcoin is somehow both more and less real than the goods it is traded for. Bitcoin have number of people interested as an academic exercise or as an ideological argument about fiat currencies. Bitcoin really has its own uniqueness by its  integrity guaranteed by the rules of math and the laws of physics. And as of today, essentially every digital transaction and every international transaction involves a use of one form or another of virtual currency or credit. You may settle the Bitxoin easily and dirsctly unlike cash. In short, through Bitcoin's independence and initiative in doing the business it makes more stable than traditional currencies like any other money. Nowadays, people really cares for the safety of their wealth and they trust Bitcoin on every transaction that they will have. If people noe are very serious on this how much more in the near future with hundred of trillions can be transacted.

[MIZANUR5033]

Yes It’s possible buying all commodities. Bitcoin use only for making profit, so most of themare purchase coin for profit. Though its can able to purchase commodities. There also big fact that many of the country do not allow the coin. That’s why it’s difficult to buying commodities. Which country like USA, Canada, they allow the coin to purchase other thinks even they can allow to pay the bank bill, gas bill etc. So I just call Bitcoin is not world currency it’s just some countries currency. Day after day it’s spreading, hope in future it will be the world currency.
No matter its world currency or not depend on the buying commodities. If I think without ability to buying commodities it’s a world currency definitely what we know clearly. 

[Situk brok]

I think that bitcoin will increase the world's income because unemployed people can work in this bitcoin so they can earn a considerable amount of bitcoin instead of working as manual laborers.

[Chrystora123]

Bitcoin still has not contribution to the world income, but Bitcoin greatly contributes to the technology and way of transacting in the world...
I already feel how Bitcoin can facilitate the delivery of my assets even in large quantities without difficulty.

[sampalokmix]

bitcoin can help the economy of the community. so, of course, this could make them appropriate tax revenue could pay for them. If they can pay tax results from automatic adding bitcoin finance state. If the more it will revamp the developing countries into developed countries.

I believe thats true, and I think Bitcoin can help the world income in terms of giving people opportunities, and thats through campaigns,airdrops, investments and mining, I think these things are the ways for us to be profitable in such easier way without being vulnerable in any dangerous things that we may encounter outside.

[hahay]

Bitcoin still has not contribution to the world income, but Bitcoin greatly contributes to the technology and way of transacting in the world...
I already feel how Bitcoin can facilitate the delivery of my assets even in large quantities without difficulty.

I'm not sure if bitcoin still does not contribute to the world's income, in fact we see a lot of people who have gained enormous profits from crypto and even some of them can become billionaires of their investment in crypto, so unexpectedly crypto has contributed substantially to the world income.

[ronics]

    what else can be said in this situation about world income? because now so many people are getting a bitcoin income from here starting from living well to help families all members here are earning income because bitcoin is a cryptocurrency in the country contributing towards world income to people .and a good percentage people can get it and we're going to trace so the bitcoin contribution is good for all the world's revenue.

[Roboabhishek]

Emm, your calculations seem to wrong from the very beginning. Forst of all what is the general amount of the world income and how do you calculate it? You need to show its structure. Also it seems like you are adding the BTC market cap (which can't be concidered as income) to the rest of the numbers.
Bitcoin is a currency and if you need to compare it with something then you may try compare it with the supply of the US dollar. You will get less impressive numbers.

At the current state bitcoin is having a big contribution to the worlds income, allowing people with regular incomes an opportunity to jump on board and make some money. As said 0.054% contribution to the world income is quite big and there are many other cryptos contributing. I believe we can get to a  1.1% contribution soon.

[Barbarian]

Same goes for the fiat money too. It's a known fact that the top 1 percent of the richest people on Earth owns more than 50% of the world's wealth.

I think there's something wrong in OP's calculations because the 280 trillion USD is not an "income" but the wealth held by 4.8 billion adults across the globe. But nevertheless it's interesting to contemplate on what part of the global wealth is reserved to Bitcoin.

Yeah, you are right, same goes for the fiat money too. The world is an unfair place and there has never been a time where the distribution of wealth is ever equal. It's just so unfortunate that it will be happening in cryptocurrency too, regardless of the fact that it has a decentralized nature. Probably the OP's calculations are just estimations. Since BTC is not fully  recognized by some countries, then I think  that the global wealth reserved to BTC, for now, will be less.

While many people dream of a world in which everyone is equal, the truth is that the distribution of wealth is never going to be like that, just think about it, those that have more money right now can buy a lot more bitcoin than a person that has very little money, so while I think that bitcoin is going to be a more fair system there are still going to be big differences in the amount of bitcoin that people hold.

[icecube45]

bitcoin does contribute to world income, especially income in my "world" but bitcoin does not contribute much to the world as in my "world" which has many contributions, in the world income for now cryptocurrency is still just like alternative income or just as an alternative investment though bitcoin its value for now including large but over time cryptocurrency will have a major influence (contribute) to the world's revenue because of the rapidly growing technology.

[jcarlo]

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

If all cryptocurrency in the market combine, total market cap right now at $450billions dollar and its still small amount compare with forex market valuation per day. Forex market volume transaction per day until $6 trillions dollar and thats why cryptocurrency market have bigger room to growing and the price at cryptomarket have room to rising more. Thats only my perspective and maybe i am wrong

[asyakashi]

I do not understand the lessons of statistics and the development of the world economy.
think simple, there are thousands of unemployed currently have gotten a job as trader, minner and bounty hunter. This work has made them have decent jobs.

[Biggapp]

I do not understand the lessons of statistics and the development of the world economy.
think simple, there are thousands of unemployed currently have gotten a job as trader, minner and bounty hunter. This work has made them have decent jobs.

Yes to some extent is good actually people from different backgrounds are continuously getting into the Bitcoin and earning handsome money out of it. But we can’t just say as well that bitcoins can be of help to the whole world. Due to their short number of presence as compared to the population of whole world these coins can’t be solving the problems of people at all.

[yanlap]

I do not understand the lessons of statistics and the development of the world economy.
think simple, there are thousands of unemployed currently have gotten a job as trader, minner and bounty hunter. This work has made them have decent jobs.

Yeah so easy and simple. There is no rocket science to let your mind understand what is good and what is bad. Things are quite easy and efficient, need is just to make them in line so that a better and easy concept can be understood. People are using internet since long times. They are educated but unemployed. So they start earning online by getting into this world and making some good money for increase their life standard.

[Sirait]

I think because there are still many countries that reject Bitcoin, Bitcoin still has not had a significant impact on the world economy, including not yet contributing to world income...Bitcoin is currently just a transition, a new way to earn money.
perhaps in the future Bitcoin will bring in the world when Bitcoin has regulated around the world...

[victorski]

So bitcoin must worth much more that it is right now to became a worldwide currency, as we all wish to happen.

[MD Milon]

I agree with this.bitcoin contribution world income.it helps people so much.also its so much profitable for world economy.when most of the countries legalized bitcoin,this time bitcoin can contribution strongly in world income and influence to world income very much.