Post
Topic
Board Economics
Re: Bitcoin contribution to World' income
by
pitiflin
on 08/07/2018, 22:56:34 UTC
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.html
Total 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.
I am really late into the discussion, and one thing you need to know is: Bitcoin is not considered as a currency anywhere, but an asset. Returns from assets are profits and losses and they are not counted as income. They are counted as capital gains. Which is why bitcoin's taxes are only filed on capital gains and is not part of the Income Tax. So the whole statistic cannot be counted as valid.