Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According
https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.htmlTotal World income is 280 trillion USD
Total bitcoin contribution to world income
0.054% Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.
Share your view on it.
I think it's kinda wrong to talk about it like "World Income"...
At most, it could be considered as Bitcoin's contribution to the World's total wealth, because we do not make 16 million Bitcoins per year, do we? They simply are there and more are coming.
However, I think it'd also be quite inaccurate to take Bitcoin's market cap as its contribution... We can't use Bitcoins directly, thus we have to sell them. What happens when we sell large amounts of Bitcoin? The price drops.
Therefore, it's not a good comparison. If everyone were to use their Bitcoins, they definitely wouldn't get 150 billion dollars worth of stuff out of it.
So in reality, Bitcoin's share to the total wealth of our blue globe is even smaller than what is depicted here. Yet, we can imagine