It's not even at the Cuban Peso level and it's highly unlikely to eclipse the valuation of all currency for any developed country.
Canada is the 11th largest economy in the world, slightly behind Russia and India. South Africa is less than a quarter of that, but still way bigger than Bitcoin.
Cuba has a GDP of $68B. Is there that much Bitcoin being exchanged for goods yet?
I'd be impressed if Bitcoin transactions have eclipsed the economy of EVE Online.
> I'd be impressed if Bitcoin transactions have eclipsed the economy of EVE Online
You say that like it's a bad thing. Looks like upside to me.
I don't pretend to know the future of Bitcoin. If nothing else it's demonstrated the possibility of transmitting real value across borders without banks or governments.
That capability is worth a lot more than the GDP of Cuba.
I don't know if Bitcoin or something else will solve this problem, but now that everyone knows what's possible, it's as inevitable as any other obvious invention.
And whatever solves this problem will be worth a hell of a lot.
Bitcoin replacing the US dollar is unrealistic.
But if it's this valuable at the Cuban-peso level, how valuable will it be when it's as popular as, say, Canadian dollars or South African rand?