How big is bitcoin, really? This chart puts it all in perspective.
Bitcoin burst into our financial consciousness like a fiery comet, setting the internet ablaze with visions of upending the existing global money system. Yet, by its nature as a cybercurrency, whose legitimacy only exists in the ether, its credibility leaves much room for debate.
HowMuch.net on Wednesday put things into perspective and demonstrated that for all the buzz and excitement bitcoin has generated, it still has a long way to go to be even remotely relevant.
The current value of all the bitcoin in the world is worth about $41 billion, according to the cost-estimating website.
That is undoubtedly more money than most Americans will ever see in their lifetime. But when it comes to bragging rights, bitcoin really is the poor relation.
Source : Marketwatch.com
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Great illustration to show how much cryptocurrencies have to grow. So based on this cryptocurrencies represent about 1% of all money. Still a very long way to go. I'll remember this every time friends and coworkers mention something about being too late and too risky to invest in cryptos.
Great content, We've got a long way to go but we have to remember BTC has only been around 7years so the growth over that period of time has been immaculate.