The crypto market has been booming.
But how big is it when we compare it to the stock market?
The Market in Perspective
The current amount of money that is in the crypto market is $143 billion.
Let's compare that with some well-known companies and billionaires.
Here are some charts from howmuch.net
- This chart is from June when the crypto market was around $100 billion. This shows how fast the crypto market is growing.
- Amazon is almost 3 times bigger than the crypto market , and Apple 5 times!
- Billgate's fortune hasn't changed according to Forbes' Billionares list. The crypto market has surpassed Bill's net worth two and a half months ago. It is amazing if you think about it, the world's richest man could buy more than half of the crypto market if he wants to.
Up-to-date comparison
- The chart says it all: "Facebook's market cap is 3.5x bigger than all cryptocurrencies combined".
- Bitcoin and Ethereum together are larger than Paypal! Paypal is one of the dominant digital payment methods, it is a good sign that cryptocurrencies are at the same volume.
The crypto market need more footing to be able to rival big companies like Apple, Amazon and Facebook. Any of those companies could buy the whole crypto market multiple times. Which kind of disappointed me when I learned about this.
Now In Comparison To The Stock market
- The total value of all the stock markets in the world is $70 trillion!
- One square in this chart respresens $100 billion. Apple (which is highlighted in the red circle) would fit 96 times in the whole stock market, and the crypto market would fit 490 times, which is merely 0.2% of the total stock market!
Lots and LOTS of room to grow
Lets do some calculations with the top 5 coins:
- Bitcoin |$4300
- Ethereum |$300
- Ripple |$0.2
- Bitcoin Cash |$420
- Lite coin |$55
If we assume that the crypto market will get a 5% market share of the stock market, which I think is a conservative assumption, and the top 5 crypto coins keep their current shares in the crypto market and have the same supply. Then their price would be:
- Bitcoin $107.500
- Ethereum $7500
- Ripple $5
- Bitcoin Cash $10.500
- Litecoin $1375
Amazing huh! Especially, the price of Bitcoin surprised me. If this scenario would become true, owning 10 bitcoins would make you a millionaire! However, the price of Bitcoin or other cryptocurrencies could be higher, if cryptocurrencies would be used a an actual currency such as the US dollars, Yen and Euro. At the moment the prices are too volatile to be used as a national currencies, but who knows what could happen if we reach stable levels.
My thoughts about the Future
Cryptos are going to lift off, baby!!
Thank You for reading my article!
I had a fun time researching this!
If you want more posts like this, dont forget to FOLLOW me for more :)
This is the end of my post. Talk to u guys on Steemit!
Lots of love,
Future Thinker
Excellent analysis. It goes without saying, I agree with your conclusions completely. There is still a ton of upside in the crypto market. We have not even seen the big Wall Street money enter this space. That is coming and very soon.
Personally, I think Steem is one of the coins that is destined to head much higher. I see what is going on here right now and can only imagine what it will be like with 5M-10M users (which is still nothing on the internet). Being one of the first to implement a platform such as this could give Steem a big leg up against competitive ones in the future.
True I am VERY optimistic about steemit too. I read somewhere we have around 30.000 active users. That very little. The mass still has to discover us. Imagine what that will do to the price!
Everyone on here today, are the early birds :)
I read 20K...similar number....same premise.
This site is being sustained by a select few compared to the 1B members of FB (if that is accurate LOL).
Either way, what if this site gets 1M active members? What does it do then?
Hmmm, one thing is for sure, the price will sky rocket.
I have my concernes though about if steemit.com will be able to handle all the traffic, and more importantly if the blockchain can handle it.
I was told by @acidyo that the steemit blockchain can handle 180k tx per second vs bitcoin can only handle around 7 per second. So if thats true, it looks good for Steemit.
I dont know the stats but I did read the blue paper and it said that the steem blockchain already can handle significantly more volume than either Bitcoin or Ethereum.
When you consider how many transactions occur on here, I would say that it is accurate.
Lets hope so :)
and we will notice it anyway.
I like the timeline photo you posted. Really gives perspective on how well crypto is doing!
I wouldn't call it a timeline :P
But yeah! Crypto has grown quite fast and has lots of room to grow! If we old on to our steem we could be millionairs in a few years, if Steemit and crypto gets popular!
Doesn't that make everyone just want to buy as much crypto as possible? Or is it just me?
Good information, thanks for the post
Im not sure haha. Im careful with some coins
I've only invested in steem at this point and that wasn't actual money from my paycheck, but rather crypto that my dude mined and sold for steem. I have a small amount of satoshis, doge and litoshis but probably less than $20 combined...I collect from faucets sometimes..
haha so you are a crypto collector :D
Steem is one of the better coins out there in my opinion :)
I also have a couple tokens on bitshares that I will likely just hold there. Steem feels like it was definitely a good place for me to begin.
Aah, the period notation of the price threw me off for a moment. Then I realized we have countries where dots are used instead of a comma, phew.
Yeah it differs haha. I don't know which one is actually more accepted.
I am going to pay attention to it in my futher post :)
I promised myself to learn as much as I can about crypto. This post for me is like my first steps :)
I didn't know that Litecoin is like $55... Have always assumed it was lower. Like $10 lower! I recall talking about it for the first time with @erodedthoughts awhile back. Its value slipped my mind when something I wanted to start was impossible. Thank you for educating me further! :)
Haha no problem! Thank you for reading!
If you want to track the prizes I would recommand: https://coinmarketcap.com/
Please charge me soon for taking advantage of your crypto world knowhow! Lol.
Gracias for the link :)
Haha don't worry about!
Im glad to you help you lol
Exactly not to mention the platforms for Crypto evolution coming out, its only getting started.
Yep so much to come :)
@futurethinker got you a $9.08 (4.0%) @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more about @minnowbooster!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here! || Check out our contests as well!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
@originalworks
@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond. To be Resteemed to 4k+ followers and upvoted heavier send 0.25SBD to @minnowpond with your posts url as the memo
Congratulations @futurethinker! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@futurethinker" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png 2x" /> Award for the number of upvotes received <p dir="auto">Click on any badge to view your own Board of Honor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">By upvoting this notification, you can help all Steemit users. Learn how <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!Congratulations @futurethinker! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@futurethinker" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png 2x" /> Award for the number of comments received <p dir="auto">Click on any badge to view your own Board of Honor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">By upvoting this notification, you can help all Steemit users. Learn how <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!Congratulations @futurethinker! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@futurethinker" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 2x" /> Award for the number of upvotes <p dir="auto">Click on any badge to view your own Board of Honor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">By upvoting this notification, you can help all Steemit users. Learn how <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!