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tootalljones

12/05/17 2:25 PM

#4755 RE: FooBarAndGrill #4754

Bitcoin "still microscopic" as of today. Statistics for the modern era: 5 billion of the world's people's do not have banks and do not trust them and do not want them. the data here suggests bitcoin market cap in multiple trillions in the next couple years....like 5 to 10 trillion perhaps....in the next several years:

"Here’s what bitcoin would roughly equal as a percentage of the total value of the following sectors. The market sizes were taken from the Money Project.

2.4 percent of the $7.6 trillion coins and bank notes 2.3 percent of the $7.7 trillion gold market 0.25 percent of the $73 trillion global stocks market 0.19 percent of the $90.4 trillion of broad money supply 0.083 percent of the $217 trillion real estate market 0.033 percent of the $544 trillion derivatives market.Maybe a more fair comparison would be to compare the total cryptocurrency market against these asset classes, but that wouldn’t move the needle much as bitcoin makes up half of it."
http://fortune.com/2017/12/04/bitcoin-crytocurrency-tiny-asset/