Crypto is only 0.013% of world's total money. To reach just 1% would require 75x market cap increase
Is it realistic to expect Cryptocurrency to grow more?
How does cryptocurrency’s market capitalization compare with the amount of money in the world?
1,000,000,000 (one billion) (9 zeros)
1,000,000,000,000 (one trillion) (12 zeros)
1,000,000,000,000,000 (one quadrillion) (15 zeros)
The total:
Derivatives + Real Estate + Stocks + Bonds + Bank Money + Base Money =
$1,552,000,000,000,000 (1.5 quadrillion dollars)
Today's total crypto market cap:
$209,464,580,692 (209 billion dollars)
Result:
Today's current total crypto market cap is only 0.013% of the total amount of money on Earth.
To reach just 1%, this would mean a 75x larger crypto market cap.
http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html
https://coinmarketcap.com/
Mike Maloney's - The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Episode 4
Disclaimer: The views expressed in this video are strictly my own and are not to be construed as trading advice. Do not buy, sell or otherwise trade cryptocurrency based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#ethereum #bitcoin #crypto #eos #bitcoincash #cryptocurrency #tokens #coins #btc #blockchain
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Your findings are totally illogical. You can't replace physical assets such as real estate with crypto.
Did he say "replace" ?
Yes it's going nowhere, it's doomed, go n sell 'em.
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I'll buy.
You didn't understand a thing about what is being said. Crypto can't take the place of a physical asset with a value. You can't make oil or gold out of crypto. These things need to be mined. Crypto can replace only the forms money that are used as a medium of exchange such as dollars, yen, euro etc.
By replace, I mean taking place of something else. If people stop using the dollar and start using BTC as reverse currency, then BTC will take over USD's market share and replace USD with Bitcoin as the world reserve currency.