We are talking about a global economy with more than 100 trillion dollars, while Bitcoin did not reach a trillion except for a short time, and therefore it represents less than 1% of the global economy and will not affect the global economy.
Bitcoin vs global economy is like a pitch of salt in an ocean its impact will unnoticed representing 1% or less depending on bitcoin value, so chances that bitcoin will cause a shift in the global economy is unbearably unnoticed unless on the micro/individual level.
Therefore, the impact of cryptocurrencies will not exceed its impact on individuals and not on countries.
For individuals, it is the nature of the investment and the history of buying and selling that determines whether it is a good investment or just a complaint from a financial loss.
The impact of bitcoin on individual can significantly be noticed in the level of knowledge and financials awareness that bitcoin exposure has brought along with it, vs.
1: the value of bitcoin on individual financial investment
2: the risk assessment
-Regulation
-Innovation*:
- **Volatility**:
Sound like a dead record if we depend on the above-mentioned factors to aid bitcoin scalability and the idea of decentralization because the above-bolded factor has significantly led to the centralization of the entire cryptocurrency market which did more harm than good.