Bitcoin : Managing world value with Bitcoin
Hello everybody !
I like economics and cryptos so I will provide you with a baby mix of both.
In order to survive in this cypto bear market (which is a great opportunity to accumulate each month if you believe in it), reading books on economics / cryptocurrencies and searching for some real facts turns out to be very useful.
Hereunder you will find what I thought to be interesting. Don’t be discouraged by the length, I am almost sure it will bring you some value.
Here are some interesting numbers and calculations according to Visual Capitalist 2017 VS Bitcoin :
– The total value of the world listed equities is $80 Trillion, bitcoin is 1.4% of it
– The total broad money is $90 Trillion (including banknotes, money market, savings, time deposits), bitcoin is 1.1%,
-The total global debt is $215 Trillion (governments, corporations, households), with $70 Trillion added the last decade alone (since the financial crisis), bitcoin is 0.47%
-Global Real Estate is $217 Trillion, bitcoin is 0.46%
-Derivative market is $544 Trillion (low end estimate on a notional contract basis, haha), bitcoin is 0.18%.
As you can see, even if you like to measure bitcoin versus $ (and don’t view bitcoin as an unit of account), you should be very bullish if you believe in its fundamentals (e.g technology, network) and in a potential global adoption as a medium of exchange and/or store of value and/or unit of account.
It means that if Bitcoin reaches $250,000 (like Tim Draper predicts) or $4.4 Trillion total market capitalization, it will still be very small in this dollars value/money world.
Kind regards everybody.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: Sylfaen8
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