Post
Topic
Board Economics
Re: Crypto currency may not disrupt the Trillion Dollar Global Market
by
magneto
on 24/08/2018, 23:57:35 UTC
As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,

The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.

Any thought reading this?

Even if bitcoin does not necessarily influence anything in the macro level, which it is right now with many companies and investment firms deciding to get into the field of bitcoin investments and commerce, it has the potential to help individuals around the world on a microeconomic scale.

Whether it's helping citizens from third world countries connect with employment opportunities worldwide, or people in economically unstable countries using bitcoin as a safe haven to store their wealth, especially with the unbanked population. All of these things are benefits that bitcoin brings, not just limited by borders either, but worldwide.

It really comes down to what you define the term "disrupt". Yeah, bitcoin's not going to replace the traditional, fiat economic system altogether, but it's still something that can make an impact globally.