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If Bitcoin went away, the economy would not repeat the great financial crisis of 2007-8. It's still largely speculation at this point. This is the wrong way to
by alwillis 5y ago
If Bitcoin went away, the economy would not repeat the great financial crisis of 2007-8. It's still largely speculation at this point.
This is the wrong way to look at it. It went from $0 in 2009 to more than $1 trillion in about 12 years and has been the best performing asset of any kind in history.
It's still relatively early; the vast majority of the world has never heard of bitcoin but it's just a matter of time before they do.
In terms of circulation, Bitcoin has the 3rd largest market cap after the dollar and the Euro according to Deutsche Bank: https://decrypt.co/39425/bitcoin-is-3rd-largest-world-currency https://decrypt.co/39425/bitcoin-is-3rd-largest-world-curren...