The effect of crypto currency on individual country basis does not worth any attention a look at this analogy. The total crypto market capitalization is about $473,609,873,031 taking a United States as a country with a population of 323,000,000 breaking that down on the average to the whole population you will get $1,466.28 per individual. How do you expect that to then have effect on the economy of a country. If the argument is that the population of US is so high then we should consider dividing the entire market capitalization by the over 197 countries of the world.
The fact is crypto currencies are still emerging currencies in the world financials but all of the campaigns against it is because the future which agencies and government knows if it goes unabated might spell doom for the traditional market.
You cant use the entire population of the united states as basis for comparison. Because wealth isnt exactly distributed and utilized equally. Thus, it could have concentrated impact on certain countries. For instance, exchanges and mining firms offer employment. Additionally presence of such stimulate technological goverment in the country. It could get more people interested as they are exposed.
The effect of crypto currency on individual country basis does not worth any attention a look at this analogy. The total crypto market capitalization is about $473,609,873,031 taking a United States as a country with a population of 323,000,000 breaking that down on the average to the whole population you will get $1,466.28 per individual. How do you expect that to then have effect on the economy of a country. If the argument is that the population of US is so high then we should consider dividing the entire market capitalization by the over 197 countries of the world.
The fact is crypto currencies are still emerging currencies in the world financials but all of the campaigns against it is because the future which agencies and government knows if it goes unabated might spell doom for the traditional market.
You cant use the entire population of the united states as basis for comparison. Because wealth isnt exactly distributed and utilized equally. Thus, it could have concentrated impact on certain countries. For instance, exchanges and mining firms offer employment. Additionally presence of such stimulate technological goverment in the country. It could get more people interested as they are exposed.
Yeah bitcoin really create employment because people will have opportunities like mining investing or even joint campaign and besides since it is a currency people will buy and the market will rotate and create agressiveness and business will boom there is really a chain reaction in the economy of the nation. Even if others sector not participating bitcoin but since it is part economic they will be benifited.