Bitcoin might not be an economy rather a disaster?

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Bitcoin would become the world’s “single currency” within a decade, stated Co-founder of Twitter and CEO of Square.

After all, even as the financial world has been gripped by cryptocurrency mania over the last year, the “currency” part of cryptocurrencies has receded in importance in the public eye.

The number of Bitcoin transactions (as opposed to trades) has not risen much in the last few years, and one recent academic study suggested that half of those transactions are associated with illicit activity.

Still, the dream that cryptocurrency could replace our existing system of fiat money, in which the money supply is controlled by government-­run central banks, remains a key part of Bitcoin’s appeal.