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?
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.