The Cryptocurrency Market is Teeny-Weeny!
The gold and silver markets are tiny and the cryptocurrency market is microscopic when comparing these assets to the global financial market. With a value of $7.51 trillion the world's gold is only 2.5% of global financial assets. Cryptocurrencies make up a mere 0.03%, and require decades of additional innovation before having any sizable sway within the global financial system. In comparison an average of $5.1 trillion of Forex is traded every single day. We can begin to grasp the notion that over the course of those decades the majority of present-day cryptocurrencies will certainly fail to the competitiveness of those emerging with new block-chain technology.
If you feel like you may have missed the cryptocurrency take-off you are entirely delusional. However, as with junior gold mining companies, to best your odds I would suggest you immerse yourself in research. Find and acquire a handful of currencies with the utmost advanced blockchain technology, highest adoption potential, and a devoted team. Plunk a small position in those which may have the ability to become the next front-runner(Bitcoin) in five to ten years time.
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In the United States bonds have endured a 30 year bull market, and throughout the world central banks are still artificially suppressing interest rates. As the Fed continues raising nominal interest rates, and begins to unwind its balance-sheet, starting with $600 billion in the first 18 months, there is a slim chance the United States' portion of the global bond bubble ruptures. This liquidity would prospectively flood the precious metals sector. Cryptocurrencies will hypothetically benefit as well, but it still remains uncertain would could transpire in a global freakout. Are cryptocurrencies a safe-haven or a speculation?
I leave you with this: As a crypto trader, and, or gold trader, how small do you feel?
Sources:
http://siblisresearch.com/data/total-market-cap-sp-500/
http://www.marketwatch.com/story/currency-trading-volume-falls-for-first-time-in-15-years-2016-09-01
https://www.bloomberg.com/news/articles/2016-06-26/the-100-trillion-bond-market-s-got-bigger-concerns-than-brexit
http://etfdb.com
http://www.visualcapitalist.com/all-of-the-worlds-stock-exchanges-by-size/
http://www.businessinsider.com/global-financial-assets-2015-2?IR=T
http://onlygold.com/Info/All-The-Gold-In-The-World.asp
Federal Reserve Bank of St. Louis
USDebtClock.org
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Very much still in the early early stages of cryptocurrency and blockchain tech.
Good to know there is still a lot of time needed for development of crypto tech. I feel like it moves very fast, which is good because I am in a hurry, but I need some time to get more situated haha. Anyways I enjoyed this informative article.
You've captured my attention.