How Bitcoin affects Global Economy

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Since the creation of bitcoin in 2009 , new coins were created. From joking coin doge to ethereum with the features of smart contract. We should admit that the invention of bitcoin is the foundation of crypto spheres. Many coins are created to encounter the weakness of bitcoin protocol. Dash with some features like private send and instant send is an example of answer to bitcoin scalability issues.

Steem invention in 2017 was out of the box ideas from many coins that can be obtained by mining and staking. Steem gave new way to obtain by social media platform. Though, steem was finally forked to hive the ideas continue. 2020 there have been thousands coins and tokens created.

How bitcoin affects global economy?

Like or dislike bitcoin effect has changed world financial system to global economy. Though cryptocurrency marketcap is just about 2% stock, the influence of crypto space make some big companies aware that blockchain tech behind cryptocurrency will be the future layer of financial system.
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Briam Amstrong - Coinbase
https://news.bitcoin.com/bitcoin-rich-6-crypto-billionaire/
Here are crypto circle that will shift paradigm of world finance and economy:

  1. New jobs are created.
    Thousands job opportunities are created over cryptocurrency environment from developers, marketers, writers and other fields of jobs.

  2. New economic ecosystem.
    Thousands merchants and retailers accept cryptocurrency payment. Exchangers, remittance services and other investment platforms appear under blockchain technology.

  3. New millionares in cryptocurrency.
    Changpeng Zhao the founder of with 2 billion asset, Brian Amstrong the cofounder of coinbase with 1 billion asset are only two of thousands other millionares.

  4. Crypto cycles income
    There are many ways to earn from cryptocurrency like mining, staking, trading, investing, jobs and social earning. Hive is a small ecosystem where users earn from social publication.

  5. Big companies turn on cryptos
    The latest news is that paypal will accept bitcoin and other major crypto. It is a signal that other giant companies are ready to accept cryptocurrency.

  6. Living in crypto is on the way
    Living in crypto is on the development. Many new projects based on cryptocurrency facilitate crypto holders spend directly their crypto money to shopping site. You can buy food, pay travel fare, and invest with cryptocurrency.

  7. Government change the regulation.
    In the early development of bitcoin and cryptocurrency some government seemed to strict to cryptocurrency. However, the growth of cryptocommunity changes causes policy makers to make more open to cryptocurrency.

Conclusion
Cryptocurrency has changed a lot of things. Banks and financial institution should follow the change because some cryptocurrency projects take over the financial products and services. Every crypto network also competes each other. Without new ideas and invention a crypto project will be left by its users. How about hive?

Posted Using LeoFinance Beta



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Cryptocurrency has changed a lot of things.

Exactly! But, we have just scratched the surface, there are still a lot of things to be implemented and crypto WILL change a lot of thngs in the future... And I have a feeling that exactly in these moments, cryptocurrency world is changing shifts and going faster...



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