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.htmlTotal 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.