I like to show that same visualization when showing how small of an industry crypto really is at the moment, and how huge the current financial system is. The amount of derivatives is insane! Also, it breaks the bubble of the "it isn't real money" argument for crypto when already 93% of narrow money is non-physical. Also, that global debt looks a bit frightening.
Bitcoin really doesn't need much of that money thrown at to go to 100k. Just a few institutions buying in recently and the price is going up. I imagine even more will follow. I mean PayPal is allowing crypto payments now and companies are using it as a hedge. Better that individuals get in too before big money flows in!
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Very fair point,
I love that derivatives bit of the visualization - that's the real 'funny money' - and you're right it probably is a better comparison, I was going for the low hanging fruit that requires no explanation!
'what are derivatives'? (forgets about crypto)
And fair point about the BIG money, although maybe if people do miss out early on, that's a hope for Hive - when they start looking around for cheep coins to buy that aren't $100K!