Not following my logic at all. This is the currency of a country, which has a business cycle - it's relative magnitude is not relevant. Bitcoin is a global cu

Not following my logic at all. This is the currency of a country, which has a business cycle - it's relative magnitude is not relevant. Bitcoin is a global currency - the impact of the business cycle of the underlying assets is directly proportional to the amount of global assets represented by Bitcoin. Bitcoin BC's won't affect us until Bitcoin holdings are sufficiently large. Edit: or it's not evenly distributed. A few thousand people holding all of their wealth in Bitcoin would be enough to study this.