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Topic: Crypto currency may not disrupt the Trillion Dollar Global Market (Read 583 times)

member
Activity: 459
Merit: 10
Nothing can affect the global market for the dollar, and cryptocurrencies cannot do it. The global market that may affect the dollar is just the government. A large number of protectionism will lead to the collapse of the global dollar market. This has become a reality, and politicians will only worry that the current way of not paying attention to the future will make the dollar lose its global market in the future.
member
Activity: 434
Merit: 10
At present, the cryptocurrency is too small, and it is almost impossible to influence the dollar market. Unless the Fed supports Bitcoin, this is almost impossible. When the price of Bitcoin rises to $300,000, it may surpass the global influence of the dollar.
legendary
Activity: 1386
Merit: 1058
The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.
If we are going to go with the word disturb, it already has. There are already banks and investment firms who are trying to adapt to the new system, there are companies who charge 3% for any transaction you might want to do and people will select those less and less in the near future, there are banks who can transfer your money from one country to another easily without charging that much, even from one bank to another bank.

Hence, bitcoin managed to disturb the money transfer systems, there are blockchain companies now who are disturbing the way data is stored and they are using blockchains p2p system to keep those information and data in there forever no matter what happens to the location they are based, and also making it reachable anywhere they want.

Basically bitcoin and crypto managed to disturb a lot but just not as much as we really hoped.
What all of us missing out when calculating what the global market is and what crypto market worths and all that is the fact that crypto is not shaping up just "buying and selling".

I understand that finance world is HUGE and it is hard to break into that but the fact that crypto and blockchain chan move onto many other things shows that crypto doesn't have to break some sort of financial record in order to disrupt the world. Blockchain is used to make games, blockchain is used to keep records, crypto is used to make ICO's and make more crypto, bitcoin can be sent for just couple dollars even if the amount is over a million dollars (which many companies charge thousands of dollars). Basically there are so many places crypto can touch that finance is just one part of it.
member
Activity: 812
Merit: 11
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

I think cryptocurrency can disrupt trillion dollar bussiness industry. We know that many project created in crypto, like shipping or others bussiness and if this project success, i am believe many industry will join in blockchain. Crypto can make bussiness more eficient and i think crypto can disrupt trillion bussiness
member
Activity: 322
Merit: 10
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?
For the time being it is not possible to become a trillion dollar industry as we know the situation but in the coming years if given a chance to offer the best in cryptocurrency this will surprise us all. We don't need to hype it all but let the market speak it with the demands as crypto is unpredictable.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.
If we are going to go with the word disturb, it already has. There are already banks and investment firms who are trying to adapt to the new system, there are companies who charge 3% for any transaction you might want to do and people will select those less and less in the near future, there are banks who can transfer your money from one country to another easily without charging that much, even from one bank to another bank.

Hence, bitcoin managed to disturb the money transfer systems, there are blockchain companies now who are disturbing the way data is stored and they are using blockchains p2p system to keep those information and data in there forever no matter what happens to the location they are based, and also making it reachable anywhere they want.

Basically bitcoin and crypto managed to disturb a lot but just not as much as we really hoped.
member
Activity: 700
Merit: 10
Right now many project that touching our daily life, for example music. Music is trillion dollar industry, and if music project success, i am believe it will disrupting trillion dollar industry. Blockchain offering cheaper technology with more security and i think cryptocurrency can disrupt trillion dollar industry
newbie
Activity: 25
Merit: 0
I'd have to agree but i think, given time crypto currency could. Be big. The potential for growth in the crypto currency market is huge especially once it stablizes and aee adoption in stores. When that happens, left and right stores will be accepting crypto currency and because of it's transparency, governments will use it too.
Yes, it could and in some sense, it has already started to shake the global market by attracting investors by pushing them leaving where they have invested for decades. For example, gold is not showing any big movements in last 5 years whereas bitcoin had attracted in the same time span.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Why should Bitcoin replace or disrupt the whole market? It can offer people an alternative option, if they do not want to be a part of that system. The global payment scene consists of many options and each of these options have a percentage of the global market and Bitcoin just wants to be a part of that.

There are still room for Banks and PayPal and all of those options, but there are people who does not want to be a part of that and Bitcoin offers them an alternative option.  Wink
sr. member
Activity: 1428
Merit: 251
Cryptocurrency market value in 2017 almost reach 1 trillion dollar value. But right now the market cap at $110billions. Cryptomarket is new market and if crypto regulated by government, investor will come and bring a lot money. It will increase market cap value and i am believe in next several years, cryptomarket will reach trillion dollar market cap
full member
Activity: 428
Merit: 172
chenille!
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,
I'm sure crypto will affect the global market, it's only a question when. Somewhen there will be a point of time, when crypto can't be ignored anymore and I tend to say it's already today, at least partially. Many companies are already considering implemention of blockchain and no company wants to miss it. If a company misses it, the whole company can fail. It important in international business to stay competitive. A multi trillion dollar industry will need some time, but it's likely possible. We are still at the beginning.

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop.
Yet, it is true that marketcap of crypto isn't that huge compared to big players like Amazon, Google or Apple. But don't you think it will be still the same in 5 years? Imagine 5 years before.  Smiley

sr. member
Activity: 1246
Merit: 255
Hmmm, to me, it has the two side.
It can have effect on the global economy with the fact that bitcoin is convertible to fiat, and it token reward is a benefit in any part of the world.if it has not been under string monitor and control it might lead to inflation, which could concern the global economy.
And why I still think it should not be effective is simply because it still has some percentage of control by the global bank.
hero member
Activity: 1120
Merit: 554
Mark my words, crypto will eventually have a marketcap in the trillions.  Crypto acts as a currency and a store of value.  This means crypto will compete with the gold markets and with the global currency markets.  We are still in the early adoption phase and have a lot of room to grow still.  Financial institutions are trying hard to supress the price so they can accumulate bitcoin for cheap prices.
jr. member
Activity: 322
Merit: 1
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?


Fully agree with this opinion. The cryptocurrency market will weigh in the global economy if its capitalization is at least 10 trillion USD. The market needs large capital inflows and public confidence.
newbie
Activity: 35
Merit: 0
The crypto market is still too young and very small to influence the global economy. But, I think it will take 10-15 years, and the cryptocurrency will have a significant impact, because every year interest in cryptography is growing.
Young yet already doing what is most needed to disturb the global market. I do read many employees are demanding for salary in bitcoin payments and bitcoin is growing like a new mode of alternate investment opportunity after stocks and government bonds.  I guess OP is not aware of how bitcoin is already competing against global markets.
sr. member
Activity: 616
Merit: 256
Bitcoin and other cryptocurrencies are still in infancy stage for mass adoption but for 10 years in existence bitcoin and crypto had reach a remarkable value for more than a quarter trillion dollar in that span of time compare to other industries in the market . It is still have a lot more rooms for improvement to sustain in the market which includes the securities, regulations and more awareness to the public. Maybe ten years or more we can disrupt the trillion dollar global market.
member
Activity: 390
Merit: 11
Cumulatively the volume of crypto trade has not been able to shake up the global trade market, which is difficult to imagine or reach for crypto now, but if crypto can provide benefits to the entire world population, the next crypto development will be rapid and will begin to fill the global volume of trade
hero member
Activity: 1190
Merit: 755
Homo Sapiens Bitcoinerthalensis
Unless a coin comes out that will make things very very simple for the average Joe, the crypto market will not - and cannot - disrupt the global market in any way in my opinion. We need something adopted by the masses. The masses don't need to understand all the technical stuff (compared to knowing how the VISA network works for example), but it needs to be something simple, stable (more or less) with ease of use & safety in mind, otherwise trust issues occur.

Now statistically speaking, it is bound to happen at one point in the future.
Nothing lasts for ever, not even FIAT money.
I do believe in crypto evolution/revolution, it is only a matter of time.

Finally, people need to realize that their banks are holding the personal "private keys" to  their accounts, and the impact this has. When the average Joe gets this, we will then have the revolution - and it comes down to educating the public and raising awareness. Thankfully the banks are doing their best towards that direction, inspired by pure greed of course. On the other hand, scammers also give the crypto community a bad reputation at the same time. All this will take considerable time to get sorted out, we are not there yet, and I can't see this taking place in the near future.
legendary
Activity: 2436
Merit: 1362
The crypto market is still too young and very small to influence the global economy. But, I think it will take 10-15 years, and the cryptocurrency will have a significant impact, because every year interest in cryptography is growing.
There is no doubt this is still a very young market and we cannot actually begin to imagine the possibilities of what the future holds. However, if we really are to consider the rate at which the market is growing globally, and the fact that as you said, the market is still young and currently the market cap is in billions.

So in a way, I have the belief that there is no way the impact will not be there when it comes to putting it together with the global market. We all know how times are changing very fast, and the rate at which blockchain technology keeps penetrating all imaginable sectors, so one way or the other, with blockchain, I am sure disruption is just around the corner.

I too find it hard to believe at this moment that crypto currency will disrupt the
global financial markets. From a simple point of view I cannot see crypto being
able to offer the same amount of services and products as FIAT banks offer.

As an example Mortgages, are we in the future going to be able to purchase one
with Bitcoin? I cannot see that happening.

I think in order for crypto to make this disruption it is going to take a massive
increase in adoption and usage on a daily basis for it to create the effect.
hero member
Activity: 1330
Merit: 569
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

Suggestions and opinions geared towards the position that crypto currency might disrupt the financial system is nothing but a mere wishful thinking which would like not see the light of the day. I found it appalling that despite the glaring reasons steering in the face of people, they still decide to look the other way round and providing argument on the contrary.

A single company in one of the business advert of CNN has above a trillion dollars that its managing in which the entire market capitalization of the entire crypto market industry would only be a fraction of that which does not pose any threat. This is not in support of the motive that there is no potential for crypto currency but its to limit the extent of wishful thinking and over-expectation.
jr. member
Activity: 252
Merit: 1
it should able to reach a trillion dollar within 10 years time.
hero member
Activity: 966
Merit: 517
I'd have to agree but i think, given time crypto currency could. Be big. The potential for growth in the crypto currency market is huge especially once it stablizes and aee adoption in stores. When that happens, left and right stores will be accepting crypto currency and because of it's transparency, governments will use it too.
Well, everything is always under probability, so the use of word 'MAY' kind of suffice. However, there is always a possibility to everything considering the rate at which blockchain technology on its own will have the ability to disrupt the trillion dollar global market and we are already seeing that happen.

Cryptocurrency on its own is just an application of the blockchain technology in different spheres and sectors, so the chances of it becoming a trillion global market is most definitely there, but it is not actually cryptocurrency itself that will end up disrupting the global market, that will have a whole lot to do with blockchain technology.
hero member
Activity: 1022
Merit: 538
The crypto market is still too young and very small to influence the global economy. But, I think it will take 10-15 years, and the cryptocurrency will have a significant impact, because every year interest in cryptography is growing.
There is no doubt this is still a very young market and we cannot actually begin to imagine the possibilities of what the future holds. However, if we really are to consider the rate at which the market is growing globally, and the fact that as you said, the market is still young and currently the market cap is in billions.

So in a way, I have the belief that there is no way the impact will not be there when it comes to putting it together with the global market. We all know how times are changing very fast, and the rate at which blockchain technology keeps penetrating all imaginable sectors, so one way or the other, with blockchain, I am sure disruption is just around the corner.
jr. member
Activity: 420
Merit: 1
The crypto market is still too young and very small to influence the global economy. But, I think it will take 10-15 years, and the cryptocurrency will have a significant impact, because every year interest in cryptography is growing.
full member
Activity: 476
Merit: 100
I'd have to agree but i think, given time crypto currency could. Be big. The potential for growth in the crypto currency market is huge especially once it stablizes and aee adoption in stores. When that happens, left and right stores will be accepting crypto currency and because of it's transparency, governments will use it too.
legendary
Activity: 1386
Merit: 1058
I do not think the cryptocurrency market will break the global financial markets because the main purpose of creating the coin is to serve life more conveniently. So I think that the cryptocurrency market will go along and grow with the global financial market and there is no obstruction.
Serving life conveniently will actually make more people to come into the space but not everyone and that is why I believe it would not disrupt the trillion dollar global market. We cannot say much for now though, knowing that we obviously cannot tell what the future holds in a way, but one thing for sure is that it would still end up being a part of the whole global market on its own, and for the fact that we are still in the early phase and we have been able to get to this level, I would not be so certain of what could happen in the future.

I agree with the importance of fiat currencies in the global economy. It is important to understand who supports the various currencies and the victory will be for the strongest side. I still do not see the prerequisites that cryptocurrency will be able to take part of the global money market.
Cryptocurrency is already a part of the global money market, but of course it is just going to be a piece of the global market and I really do not see it disrupting any other market. I said that judging from the way things are going already now and how countries and banks are looking to benefit from the space and it would make the space be more of an alternative form of investment as well as spending. The global money market is huge and I do not see how cryptocurrency will just easily get that disrupted.
hero member
Activity: 2842
Merit: 772
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

Its too early to say if crypto will have a impact on global market. First, we're still at its infancy, we barely a decade and we all know for example Stock markets has been here for many years now that's why they'd established.

Let's wait till crypto gets to exist for at least 20 years and really see if there's a significant dent on the global markets. Besides, there are news that majority of Wall Streets and Gold holders are inching and wanted to get a piece of the pie. So sooner or later we might see funds being channeled to crypto in the next decade and just maybe we get to see marketcap touching in the Trillions.
full member
Activity: 239
Merit: 100
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
I do not think the cryptocurrency market will break the global financial markets because the main purpose of creating the coin is to serve life more conveniently. So I think that the cryptocurrency market will go along and grow with the global financial market and there is no obstruction.
member
Activity: 252
Merit: 10
I agree with the importance of fiat currencies in the global economy. It is important to understand who supports the various currencies and the victory will be for the strongest side. I still do not see the prerequisites that cryptocurrency will be able to take part of the global money market.
hero member
Activity: 1666
Merit: 753
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

Even if bitcoin does not necessarily influence anything in the macro level, which it is right now with many companies and investment firms deciding to get into the field of bitcoin investments and commerce, it has the potential to help individuals around the world on a microeconomic scale.

Whether it's helping citizens from third world countries connect with employment opportunities worldwide, or people in economically unstable countries using bitcoin as a safe haven to store their wealth, especially with the unbanked population. All of these things are benefits that bitcoin brings, not just limited by borders either, but worldwide.

It really comes down to what you define the term "disrupt". Yeah, bitcoin's not going to replace the traditional, fiat economic system altogether, but it's still something that can make an impact globally.
full member
Activity: 378
Merit: 100
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

My question is why need the cryptocurrency market will need to disrupt the global market trillion value?when theres no need for competition instead this two may work together for the betterment of the world economy?you people only making issues when theres really none

cryptocurrencies in friendly mode in gaining the market value in expanding the market to all major country we can see positive development once cryptocurrencies reach trillion dollars market cap

Crypto market almost reached trillion cap last December 2017 and i believe that it wasn't impossible for this to be attained,all we need is acceptance from the whole world and adaption as a currency and not a illegal materials that has been used by criminal elements

Most of the people are expecting for the price of bitcoins to reach $50k dollars before the year ends and that is the reason why you should be holding your coins today or invest even more.
sr. member
Activity: 714
Merit: 260
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

My question is why need the cryptocurrency market will need to disrupt the global market trillion value?when theres no need for competition instead this two may work together for the betterment of the world economy?you people only making issues when theres really none

cryptocurrencies in friendly mode in gaining the market value in expanding the market to all major country we can see positive development once cryptocurrencies reach trillion dollars market cap

Crypto market almost reached trillion cap last December 2017 and i believe that it wasn't impossible for this to be attained,all we need is acceptance from the whole world and adaption as a currency and not a illegal materials that has been used by criminal elements
hero member
Activity: 980
Merit: 507
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?
What exactly does the global market comprise of? Investments, assets? Like stock, gold, and other old-school fuckshits?

Yeah, it doesn't really matter if crypto influences or disrupts the markets. And it shouldn't, for all of those are currencies, even though most of them have the wrong sense of what crypto is. The moment crypto(especially bitcoin) starts disrupting things, the entire point of it , is in vain. Bitcoin was just supposed to be intended for a peer to peer currency usage, without involving the oldschool fuckall bullshit and drama. I don't really care about this, unless crypto is helping people out, which it is. So don't really see anything amusing here.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
IMO, there are only certain aspects to which crypto could disrupt the markets. Well in fact it already did, by making the companies pursue the wonders of the blockchain tech, together with the governments wanting automation and security on their processes and services. For the first time in many years, companies have actually felt the 'need' to do something about their obsolete systems, and that IMO is already a disruption of the markets, perhaps not directly related to stocks and whatnot but disruption notwithstanding.
member
Activity: 350
Merit: 10
This is truth and I think we should not also be scared to take over the global market! Cryptocurrencies market is till very new and to me it has performed very well and in 15 to 20 years to come we maybe see cryptocurrencies marketcap in multi-trillion.
Read up to trillions of dollars. Listen eager too! Electronic money has its own set of processes that do not affect much of the other disciplines. Its stability and permanence have not changed.
member
Activity: 280
Merit: 11
cryptocurrencies in friendly mode in gaining the market value in expanding the market to all major country we can see positive development once cryptocurrencies reach trillion dollars market cap
sr. member
Activity: 798
Merit: 255
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?
I believe that in order for it to be more popular you need to wait, yes it’s just a matter of time. Market industries is not about looking it at first then it’s already popular ofcourse crypto need to take time to build its own strong foundation.
member
Activity: 420
Merit: 18
cryptocurrency entered the trillion dollar market very soon and it will create subsequent amount of market share also in the coming days it is only matter of time for global economy disruption
legendary
Activity: 3024
Merit: 2148
Probably the best case scenario on how crypto can disrupt the global economy is Venezuela. They have their own Petro for the purpose of evading trading sanctions for the US. If crypto can lessen the influence or the role of US dollar on a wide scale then I assume that it can greatly affect global market, as US dollar is the de-facto Central Bank.

Or as @cellard, has pointed out, if crypto can challenge the gold marketcap, or at least hurt the demand for gold. China And Russia purchased more golds than any other country. If we could just get a piece of that slice from them, maybe we can see the balance tip on our side and will "probably" put a significant dent of the world market.

Bad example, Venezuela won't avoid any sanctions because no one will accept their shitcoin, not even their allies. But even if someone accepted it, it would never be the countries that sanctioned Venezuela, so again it doesn't matter in terms of reducing the US influence. BRICS are working on their own alternative to SWIFT, so the infrastructure for payments is not a problem, the problem is that their economies suck.
jr. member
Activity: 420
Merit: 1
We are members of this community believe in and develop the crypto industry. I'm sure that the total capitalization of the crypto market will reach a trillion USD 2019 or 2020, for this already there are many factors that attract new investments.
legendary
Activity: 3080
Merit: 1353
Probably the best case scenario on how crypto can disrupt the global economy is Venezuela. They have their own Petro for the purpose of evading trading sanctions for the US. If crypto can lessen the influence or the role of US dollar on a wide scale then I assume that it can greatly affect global market, as US dollar is the de-facto Central Bank.

Or as @cellard, has pointed out, if crypto can challenge the gold marketcap, or at least hurt the demand for gold. China And Russia purchased more golds than any other country. If we could just get a piece of that slice from them, maybe we can see the balance tip on our side and will "probably" put a significant dent of the world market.
legendary
Activity: 1372
Merit: 1252
You are counting a lot of value that isn't really value, but government phantom derivative wall street scam sort of Maddof ponzi schemes everywhere out there. All that bulk if money isn't really in hard assets, so a big chunk is just inflated bullshit.

To measure how much BTC is disrupting the market just look at allocation of hard assets such as gold into Bitcoin. The more BTC grows to challenge the 7 trillion dollar gold marketcap the more disruptive it is becoming since it's displacing gold as hard money. You can't compare fiat with Bitcoin because fiat is easy money.
jr. member
Activity: 798
Merit: 2
*** https://www.buying.com ***
I am wondering why are you so surprised about the total capitalization of crypto market? This kind of market is very young comparing, for example, with stock one so it is a normal situation that while the capitalization of crypto market is relatively small. I agree with you that the market capitalization is the crucial parameter because it indicates relations of investors to crypto market. I mean that the market capitalization reflects cash flows which are incredibly important because namely positive or negative cash flows effects on market substantially. I should acknowledge that only institutional investors are able to pump crypto market because they have and manage huge capitals. Even if we appeal to retail investors asking them to invest more actively in crypto market they are not able to change something significantly on crypto market because their capital is relatively small to effect on crypto market sufficiently. So, we have to wait until institutional investors will begin invest in crypto market again increasing the total market capitalization
legendary
Activity: 2702
Merit: 4002
Maybe this is due to the lack of use of Bitcoin? I do not know how much the ratio is worldwide, but I do not think it's more than 10%.

The other reason is the existence of alternatives as the current financial system is not bad for a large part of the world's population, so there is no need to use Bitcoin.
Also, few options when using it reduce its use, currently the best reason to buy bitcoin is to speculate which seems to be a risky investment.

In the future, this concept may turn out to be Trillion Dollar "less than ten years have passed since the first trading of the Bitcoin."
newbie
Activity: 57
Merit: 0
I think the crypto world will give an effect for future in global market when we looks thats easy an simple when transaction with a crypto
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Cryptp only needs time to reach this volume as we almost hit that trillion last quarter of 2017 so theres no impossible for another attempt of hitting .

The problem is the specific time because thats hard tp predict since were on dip market now but i am sure near future will tell what will happen to the community,let us all trust and support our investments here
sr. member
Activity: 924
Merit: 260
This is truth and I think we should not also be scared to take over the global market! Cryptocurrencies market is till very new and to me it has performed very well and in 15 to 20 years to come we maybe see cryptocurrencies marketcap in multi-trillion.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

Nope better you say that won't disrupt the trillion for now,but in future it will for sure,if you don't remember that in december 2017 cryptocurrency assets almost reached this margin so what more in the following years,and if yoi don't trust thos community then why staying here?
member
Activity: 196
Merit: 10
“Blockchain Powered Clinical Trial Management”
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?
I fully agree, it is too early to talk about global influence. She still lacks capitalization, trading volume, and also wants more coverage of the audience. For now, we only see potential.
full member
Activity: 350
Merit: 100
I do not agree with this point of view. I think this is only a matter of time. In the future, cryptocurrencies will subvert the perception of money by all mankind, including the US dollar. The dollar will depreciate in the next decade. This is an unequal development.
jr. member
Activity: 98
Merit: 3
That's right, I agree with the argument you gave. Crypto is not a big thing in global trade. This is because the use is not evenly distributed, and it is not fully supported by all countries. Only a limited number of countries legalize crypto, which makes crypto not something special.
hero member
Activity: 1834
Merit: 759
Here are my thoughts: so what if crypto doesn't dirsupt it?

Crypto is just money at the end of the day. It doesn't need to disrupt or topple anything. For as long as people can use it for its strengths, it will have fulfilled its purpose. Disruption of the market should be a consequence, not a precursor for mass adoption. It's certainly not a barrier for crypto's success so why bother worrying over it?
hero member
Activity: 882
Merit: 544
I also think that cryptocurrency will not be able to disrupt the Trillion Dollar Global Market at the moment because IMO, it is too early for it to do so but given that there are events in the future that will help in its improvements, crypto might be able to disrupt it at least a little. Nevertheless, I still believe that no matter what happens, crypto will have a huge impact on the global economy especially now that a country is attempting to use cryptocurrency as national currency(I am talking about Venezuela here with its crypto Petro).
jr. member
Activity: 182
Merit: 1
It's just a matter of time. The market is still young and it will manifest itself in the near future, I think there.
sr. member
Activity: 700
Merit: 300
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?
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