bitcoin will raise the economic status since there will be a lot of bitcoin millionaires in the system.
There are many millionaires in emerging countries, and the economy is still miserable.
Bitcoin is not the magic solution to all economic problems, but if it well exploited, economic aspects will improve a lot.
Also, if you consider that Bitcoin is an investment that will make everyone rich, you should rethink
I still see that bitcoin is losing its popularity and losing its dominant value among the crypto currency.
Because we have more than 1736 cryptocurrencies, bitcoin dominance[47.4%] has declined "only mathematically." sources -----> https://coinmarketcap.com/currencies/bitcoin/
This is what I don't get. How can bitcoin make everyone better off? Only a minority of people use it despite its gaining popularity. It cannot be a magic solution to economic problems. It can only be one more tool that will fascilitate the transfer of money and remove the intermediaries so that people can transact for cheaper. But the ones who transact $0.25 for loaf of bread will not notice any difference in their standing because of bitcoin. In fact, they won't even be able to use bitcoin for things like that.
The dominance of bitcoin is still present in the way that people use it for longer term holdings. The other altcoins are just quick little pump & dump runs and rarely last longer than that.