Amazing graphic on the market cap of crypto vs money in the world
The money project has released the amazing graphic which shows the value of the crypto market against the value of the world's markets and money.
Whilst people are talking about a crypto bubble, I think that this graphic puts things back into perspective. There is a lot of Money out there and the money in derivatives show that there is a lot of danger ahead with government backed fiat currency. All it will take us for another crisis to occur and people will look to crypto for Another way to transact.
My prediction is that in the next five years a lot of that wealth will transfer into crypto. I don't know for certain which coin or project the money will transfer to, but I'll be keeping my attention focused on the scene to be there to cash in!
The graphic is evidently from before the recent surge in prices: bitcoin is now capitalised at $37b according to coinmarketcap and the total cryptoverse at $78b at time of comment.
Even so, it still looks like a drop in the bucket.
Good point, $37b is far more significant than the $5b represented in that graphic!
this is fantastic. nice visual. upvote following. I think you are right, totally feeling the 5 years thing, as for the which coin part, i have a feeling its gonna be a large spread, and even more popping up. Its my feeling as I learn more that we havent even scratched the surface yet, and I do also THINK there is gonna be a crypto Boom and we are still in stiring phases before the real reaction hits.
Thanks and totally agree!
Oh fuck! Better grab some more Bitshares while i can.