Until now, the surge in cryptocurrency markets has been a sideshow to the financial markets or the real economy. Prices have gone up a lot for bitcoin and other cryptocurrencies.
1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
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What do you think?
1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
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What do you think?
World Top 5 Economies:
USA $20,400 Billions, China $14,000 Billions, Japan $5,100 Billions, Germany $4,200 Billions, UK $2,940 Billions
Total: $46640 Billions
Cryptocurrency MarketCap: $300 Billions (This is also fictitious data and real spread is too less than this.)
So when we compare two, Worldwide Crypto Economy doesn't even contribute 1% of the Top 5 Economies. It is still too soon to predict any impact of cryptos on World Economy. In reality, cryptos are still not contributing anything to World except income alternatives to few thousands people and crowdfunding to few hundreds of project. On the same note, the most disruptive technology of 21st century 'Blockchain' is still underdeveloped and future is also not looking any good when most of the countries are against cryptocurrencies & blockchain. Even the insiders aren't much concerned about developing it, they are just aiming to make money and spamming blockchain rather than contributing anything to it.
I liked this answer very much. It has all the data that is needed to compare the reality of the crypto currencies. After reading this answer I am really feeling very tiny in the crypto space and it tells us that this is nothing as compared to the worlds biggest countries and their economies. You can not even compare the market of crypto currencies here, lolz. If we want to see any effect of the crypto currencies over the national or global level then it needs to make bigger movement here, they need to be invested 100x more than the current rate and might just take another decade or so.
