Post
Topic
Board Economics
Re: Crypto currency may not disrupt the Trillion Dollar Global Market
by
el kaka22
on 09/12/2018, 10:47:12 UTC
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.
If we are going to go with the word disturb, it already has. There are already banks and investment firms who are trying to adapt to the new system, there are companies who charge 3% for any transaction you might want to do and people will select those less and less in the near future, there are banks who can transfer your money from one country to another easily without charging that much, even from one bank to another bank.

Hence, bitcoin managed to disturb the money transfer systems, there are blockchain companies now who are disturbing the way data is stored and they are using blockchains p2p system to keep those information and data in there forever no matter what happens to the location they are based, and also making it reachable anywhere they want.

Basically bitcoin and crypto managed to disturb a lot but just not as much as we really hoped.