Wow, its getting higher. I hope it will go down so that I can buy at lower price. For me the move of the bitcoin price has nothing to do with the economy. Bitcoin now a day is in demand and has many use worldwide. Many countries are now using bitcoin as sort of online payments and other online transactions. I hope it would help. So we have to save bitcoins we do not know it will rich 500,000 in price
Yes I agree that bitcoin relations very impacting or associated on the economy if not now, maybe later in the future. with the increase of the number of users or every country will be able to make a bitcoin and mempegaruhi into a higher price and worth the factored in the global world of the internet or even with the soaring price of bitcoin then everyone will feel happy and feel benefited.
The undoubted impact bitcoin and altcoin will bring to the economy is the emergence of new wealthy people in the globe. This impact is already started to be felt, people investing just little fraction of bitcoin in altcoin and making 500 percent of the invested fraction just in couple of weeks, this is huge.
On the other hand, I see a negative impact too which is that, it will most likely lead to inflation because when few fractions of bitcoin is converted to fiat, you would have too much fiat chasing few goods and in economics theories, this will lead to inflation in the economy.