I think the percentage of bitcoin contribution toward the world economy will be more then,you had mentioned.I had getting double of my salary by bitcoin trading and as like this.Many will double their by investing in crypto currency including bitcoin.
So personally I think,the percentage of bitcoin contribution will be 0.075%.
Topic: Bitcoin contribution to World' income - page 6. (Read 1381 times)
Well, first of all, we can not use the aggregate figures of economies because not every country has the same set of laws and tax rates. In some countries, you have to pay tax on almost everything and on the other hand, there are some countries known as tax heaven countries where there is no tax at all so you can take your money there make money there and bring back the excess money back to the domestic country. There is a fundamental difference between the concept of income among the countries and this calculation is based on assumption through macroscopic approach.
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.
With that way that people have the opportunity to earn here they are becoming contributor to the worlds economy, since people have the chance to increase their purchasing power and more businesses are earning profit from them, also the country is earning through the tax that people are paying from their income here.
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.
Indeed without my deny now this velocity of money that I have got not out of bitcoin. much of my finances I've gotten from bitcoin. This proves that I'm contributing to bitcoin that gives finance to all serious people in the job
Yes. BTC is a savior to the whole world, which generates income, distributes income all over the world, not only in the country, but also to anyone in the world who is exposed to BTC and has Opportunity to own them.
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.
So bitcoin must worth much more that it is right now to became a worldwide currency, as we all wish to happen.
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...
perhaps in the future Bitcoin will bring in the world when Bitcoin has regulated around the world...
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. 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.
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. 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.
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.
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.
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.
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
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.
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.
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.
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.
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. 
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. I already feel how Bitcoin can facilitate the delivery of my assets even in large quantities without difficulty.
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.
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 already feel how Bitcoin can facilitate the delivery of my assets even in large quantities without difficulty.
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