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Cison suggested that the future could see the decline of many of these newer cryptocurrencies, asserting that their prevalence does not equate to inherent risk for Bitcoin itself.
The Relationship Between Bitcoin and Global Financial Stability
Next, Cison examined the potential impact of Bitcoin on global financial stability. Drawing comparisons to traditional financial assets, he noted that the combined global stock market is valued at approximately $130 trillion, while the bond market amounts to $140 trillion, placing Bitcoin's value at just under $2 trillion. Given these figures, he concluded that Bitcoin's relative size and volatility are unlikely to destabilize existing financial systems.