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Author Topic: Bitcoin contribution to World' income  (Read 1381 times)
charlotte04
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November 15, 2018, 01:07:30 PM
 #181

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.

It would really messed up the money inside the country  because people often received such money in not knowing that they could be rich in just one day.
yatogami
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November 15, 2018, 05:24:34 PM
 #182

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 despite the fact that your calculations are a bit far-fetched, I agree with the conclusion that btc (and all the crypto market) constitute just a minimal percent of the world's economy, alltogether costing less than a yearly budget of a single country (let's take the US with its $1 trillion for 2017 as an example). Consequently, we can say that cryptocurrencies do not significantly affect the global economy, but that's natural because the technology itself is too young and still needs a lot of improvement and development.

Epimetheus
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November 15, 2018, 07:54:54 PM
 #183

Bitcoin has different kind of contributions to the world economy. Sometime it positively contributions and some time its contribution are put negative effects on world economy. Some good contributed like it help to reduce the unemployment issues present in many country and also help many government to solve their economy related problems and also help poor country in money transaction facility. And the negative contribution of it  is due to its volatile nature which highly influence share market of various countries and this thing ultimately put negative affect of world economy.
bitcoinrays
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November 17, 2018, 06:04:50 AM
 #184

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.


       That was totally an awesome and amazing thing about this new type of cryptocurrency uprising the positivity of pushing the innovation to uphold the capability and capacity of the world's income to rise furthermore which is a positive thing that can be associated with the cryptocurrency. Absolutely, this will encourage more people to go engage with Bitcoin as well as the other types of existing cryptocurrency around the virtual market that will surely uprise the popularity of the whole community if that scenario will happen.
This is literally a superb action taken by investors or whoever it is behind this impact. Bitcoin is really adding some valuable impact on world economics. And according to some experts, in coming few decades when bitcoin would be stronger enough to hold at international leave, this would become criteria for being top economical powers. Whosoever would have more impact on bitcoin be the super one.
Jaemouns
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December 22, 2018, 10:18:33 PM
 #185

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.
Bitcoin contribution is words economy is probably a positive thing . It helps the economy ti have a bigger income specially in moey matters and all aspect of tranactions in bitcoin .
Apple Mac
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December 22, 2018, 10:30:10 PM
 #186

Now bitcoin has no influence on the world economy because it is still very young. But to develop the economy is the purpose of Fiat. Bitcoin is an attempt by people to protect their savings from banks and government. We work a lot but we do not have the opportunity to receive a decent payment for work because our money is constantly disposed of by others. Break this job system for bitcoin.

Probably,but as we can see Bitcoin has something to do with helping the individuals to have their source pf income, at some point it may be huge at some point it may be a little,but it doesn't matter. Bitcoin is being acwuired already by most of the popular entities in the world which we can as a slowly but surely progress that everyone is helping,but for now it have to recover.

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