"the share of the economy it will manage when bitcoin adoption is widespread" Nobody will use BTC as a currency. It's too volatile and has no underpinning. Mu

"the share of the economy it will manage when bitcoin adoption is widespread" Nobody will use BTC as a currency. It's too volatile and has no underpinning. Much for the same reason Gold is not used as a currency. Currencies are designed and managed for economic zones. Having a second currency for any zone is unwieldy. Think: you sell Milk and Bread. You make 5% margins. You sell in USD. Now - if you price in BTC - the price of BTC is fluctuating all day! So how do you even do that? You don't. You could 'accept' BTC and just do the calculation on the spot - as many Canadian stores accept USD at some specific exchange. But - with 5% margins - you can't afford to hold on to those BTC, quick, you have to convert to local currency. So the whole BTC thing is a useless exercise. Granted - there are some business entities that could use BTC, but again, they'll almost always have a local currency problem and given the inherent volatility of BTC ... it will never go away. The 'more people that hear about BTC buy it' - true for now, but has nothing to do with economics. It's just a speculative mania.