You are viewing a single comment's thread from:

RE: Cryptocurrency Market Breakout?

in #bitcoin8 years ago

Thanks for those statistics, that really helps put it into perspective! I've seen that visual capitalist picture before. The way I visualise it though is Bitcoin taking a percentage of every market, rather than just the money market. People invest in real estate, stocks, precious metals, bonds, cash etc. as a store of wealth or a way to speculate. I think cryptocurrency is now, and will in the future continue to take a share of each of those markets, because it's so versatile as an asset class. You can see this right now in how Bitcoin is starting to be used in real estate transactions, as well as how ICOs are transforming the VC space.

Sort:  

I agree - I picked the narrow money supply since that is tangible use for Bitcoin today. Further down the link, you can see the derivatives market that eclipses the money supply ($1.2quadrillion).