Bitcoin contribution to World' income

[Webetcoins]

Bitcoin will be the driving force behind the growth of the world's third-largest economy, in addition to the bitcoin's economic benefits, which also change backward views on monetary definition, full of oppression.

If I talk a bit economics, I would remind all of you the Solow growth model that has really called the technology the only ultimate factor that is responsible for the growth in technology. Of course it has attracted billions of Dollars and has contributed to the world’s economy. In the future, I think the coin will go beyond this value. Having said that, it looks like Bitcoin will be the future crypto currency.

[Cynooza]

I think currently bitcoin doesn't contribute to the world's wealth. It only helps to redistribute that wealth. It will help to create new wealth if it eventually manages to replace the fiat money system so governments won't be able to abuse the monopoly over money and spoil the economy pursuing political goals.

[richardsNY]

I think currently bitcoin doesn't contribute to the world's wealth. It only helps to redistribute that wealth. It will help to create new wealth if it eventually manages to replace the fiat money system so governments won't be able to abuse the monopoly over money and spoil the economy pursuing political goals.

Bitcoin isn't able to redistribute wealth. Nothing can. People may be in earlier than wall street, but they can and probably will end up making you sell the majority of your coins to them. Your money will then only be able to buy fractions of a whole coin, and you'll be paying a premium for it. I really don't understand why people sell if there is no need to -- people should realize that everything they do has the opposite effect. It's a cycle that can't be stopped. Only a small number of people managed to have the number of their coins increase instead of decrease. The majority is constantly regretting having sold too soon, and that while Bitcoin's past speaks for itself....

[Capt00]

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.

Even though it is just a small contribution into the world finance community but then, it is still good to consider as another source of income. And it could be more once cryptocurrency become stabilized and accepted by establishments as a mode of payment. And much more if taxes may imposed to all crypto holders.

[Hellokitty09]

The government working against bitcoin will not accept the fact that bitcoin is helping greatly on the world income,it is changing the financial state of so many individuals as well.

World economy is something away from the cryptocurrency economy. The contributions of cryptocurrency to the economy of the any country is much low in overall value, but governments fear about its contribution. This purely shows how potential is the technology and need for an advancement over time.

[Rastafarian]

Have you ever thought of some benefits the world as a whole get from bitcoin? Have you been a beneficiary of bitcoin? The savings from the government and other banks have been of lesser interest since most people at work places and others will prefer their salaries being paid in bitcoin. This is as a result of the security and the issue of reinvesting on cryptocurrencies.

[AnonBitCoiner]

I totally agree this.Now cryptocurrency is became one of the best asset and the top on the table of asset.They had certain percentage of contribution to World' income.If the people doing the crypto related business ,their economy is based on the cryptocurrency.If they pay tax for their income on crypto,it impact the world economy.

[Crypto24hrs]

Should any one exclude bitcoin in the list of factors that drives world economic growth, it means that the person is bias, parochial and fickle minded in his thinking and analysis, bitcoin remains an indispensable factor in the list of forces that drives world income.

[GoodLuck2]

Bitcoin will be the driving force behind the growth of the world's third-largest economy, in addition to the bitcoin's economic benefits, which also change backward views on monetary definition, full of oppression.

Only if they fully accept bitcoin but I think no countries yet sees bitcoin to boost their economy since most of them are afraid to adopt the whole system. Bitcoin contribute income only because of the users of cryptocurrency who earned so much with bitcoi and spend it so government will taste the profit in cryptoworld. Bitcoin will help third world country and I hope they are ready to use the system.

Though at the moment, bitcoin is not allowed to contribute much to the economy of the country and the reasons are pretty much obvious. We should understand that many governments are afraid of losing their controls over the wealth of the state by allowing people investing into bitcoin and other related virtual currencies. In the coming score, I could see every developed state encouraging people using them.

[rommelo24]

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.

I have been one of the living proof that bitcoin contributes to the world income. Before bitcoin i had a very stressful life my family manage a small amount of income and wven the health are at stake just to eat 3x a day. With bitcoin i can help other members of the family.

[Ibrahim 2020]

in this world earn from bitcoin by trading,Mining.They also contribute to With,litecoin and other crypto currency.In crypto news,I come to know .Many of people getting their monthly income from bitcoin.

[khirul_i20]

World Bank Bitcoin of the contribution of comprehensive. World Bank a international organization of the main purpose of the loan with the help. An international financial support agency developing countries, the development of activities for loan and grant provide. The world Bank formal the goal of the global poverty reduction. Around the world 189 member state consists of an international organization. Of the headquarters in Washington, D.C.on is located. And forum staff as if that salary is found in the coins in into. The coins are sold plenty money is available. The Bitcoin world Bank, the main contribution to play.

[BitcoinMarketer39]

I totally agree this.Now cryptocurrency is became one of the best asset and the top on the table of asset.They had certain percentage of contribution to World' income.If the people doing the crypto related business ,their economy is based on the cryptocurrency.If they pay tax for their income on crypto,it impact the world economy.

The best thing about cryptocurrency is the price that keeps on growing as the time goes by, that is the reason why bitcoins is very profitable, government can also use cryptocurrency to improve their own country just like japan today, if everyone country will just have the same idea then every community will be very wealthy.

[andika2018]

Cryptocurrency market cap still undervalue compare other financial market. Like forex market, daily circulation in forex market is more than 6trillion dollar per days. Dow Jones market cap more than 20trillions dollar and i think cryptocurrency will growing more in the future if government issuing regulation on cryptomarket

[efimiyamoroz]

Actually, this share looks very small to me and there is much more scope for growth. It's share should be more than 25% in next 10 years.

[micleeiu398]

in this world earn from bitcoin by trading,Mining.They also contribute to With,litecoin and other crypto currency.In crypto news,I come to know .Many of people getting their monthly income from bitcoin.

Bitcoin is a big source of income and there is no doubt in this thing. Bitcoin is the one which is the oldest crypto currency and people have changed their lives completely with the help of investing into bitcoin. Bitcoin is relief for so many people who were previously living a life of poverty and now they are having their own houses, cars and so on. Bitcoin is a life savior for so many people who were poor before it.

[gowobonyok]

the world can feel the benefits of bitcoin when taxes have come into effect on every bitcoin or other crypto transaction. or at least 1% of the ownership of the user is donated to the donation to the country in need.

[paxmao]

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.

I am afraid you don´t have a clear understanding of what is a contribution to the economy. Try to understand what is GDP first.

[DonateBB]

Since BTC's appearance, they have generated a lot of income for many, and many have also become millionaires at an early age, perhaps because of this information that some people enter the Crypto market as a child. ephemera.

[Erganadine2728]

It can not be like that in the bitcoin world can not be equated with state assets. Bitcoin is just a tool for sale. Anyone can get bitcoin and its own economic needs. Somehow it can be talked about like that