The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.
Thanks for the details. Bitcoins is leading the currency market. Another main things is, a crypto currency is leading the currency market. Very interesting. What it says? Crypto is going to lead the economy market? People will be speaking only about crypto dominant? Where the crypto is leading the economy world to? Every user of bitcoin and other crypto currencies are going to be more wealthy then any other fiat holders down the line? Yes. All these are going to turn as real in coming years. More adaption is going to occur soon. Happy to see it.
What do you mean Bitcoin is leading the currency market? You will have to look at 2 factors - money supply and how much of transactions are denominated in that currency. The US dollar is the leader - no doubt about it. Bitcoin has a long way to go before it gets anywhere close.