4 ms·

It's not a tiny blip, it's already bigger than European equities...

BozeWolf 5y ago
Not sure what numbers you compared, but quick research on market cap [1,2]: European market cap 2019: 8,078,748,800,000 (8 trn) Coinmarketcap today: 1,583,350,504,806 (1 trn) Not a tiny blip. Compared to world equity 2021 [3]: 117 trn I would call it a small blip. 1: https://tradingeconomics.com/european-union/market-capitalization-of-listed-companies-current-us$-wb-data.html https://tradingeconomics.com/european-union/market-capitaliz... 2: https://coinmarketcap.com/ https://coinmarketcap.com/ 3: https://www.sifma.org/resources/research/research-quarterly-equities/ https://www.sifma.org/resources/research/research-quarterly-...
- righttoolforjob 5y ago
  Except that is mostly printed money. You can't take the crypto market cap seriously. If a significant portion of it tries to get converted from "magic internet money" to real money the price will plummet.
  - kuished 5y ago
    You realise that applies to “real money” too right?
    - rvba 5y ago
      Stock has some intrinsic value though. When we talk about Europe - the stockmarket is not so inflated: mostly boring companoes doing boring stuff -> that brings a lot of cash flow.
    - righttoolforjob 5y ago
      What do you mean? When converting real money to...?
- usednet 5y ago
  Yeah. Furthermore, I don’t know how CMC calculates their total but if it uses fully diluted market cap, the crypto total would be even less by a large amount.
- mgaunard 5y ago
  I meant volumes traded. European equities are 50 billion per day, crypto is 100.
  - xmcqdpt2 5y ago
    A lot of it is wash trading though and a lot of the market cap is paper gains too. I still think it should be regulated and we would be better without the crypto market, but I doubt a crypto crash would have much of an impact on the economy in general.
    - mgaunard 5y ago
      It's quite unlikely that more than half the trades would be wash trading. It's very liquid because it's much more accessible to non-professionals. Giving retail flow direct access is where the revolution lies.

Not sure what numbers you compared, but quick research on market cap [1,2]: European market cap 2019: 8,078,748,800,000 (8 trn) Coinmarketcap today: 1,583,350,504,806 (1 trn) Not a tiny blip. Compared to world equity 2021 [3]: 117 trn I would call it a small blip. 1: https://tradingeconomics.com/european-union/market-capitalization-of-listed-companies-current-us$-wb-data.html https://tradingeconomics.com/european-union/market-capitaliz... 2: https://coinmarketcap.com/ https://coinmarketcap.com/ 3: https://www.sifma.org/resources/research/research-quarterly-equities/ https://www.sifma.org/resources/research/research-quarterly-...

righttoolforjob 5y ago
Except that is mostly printed money. You can't take the crypto market cap seriously. If a significant portion of it tries to get converted from "magic internet money" to real money the price will plummet.
- kuished 5y ago
  You realise that applies to “real money” too right?
  - rvba 5y ago
    Stock has some intrinsic value though. When we talk about Europe - the stockmarket is not so inflated: mostly boring companoes doing boring stuff -> that brings a lot of cash flow.
  - righttoolforjob 5y ago
    What do you mean? When converting real money to...?
usednet 5y ago
Yeah. Furthermore, I don’t know how CMC calculates their total but if it uses fully diluted market cap, the crypto total would be even less by a large amount.
mgaunard 5y ago
I meant volumes traded. European equities are 50 billion per day, crypto is 100.
- xmcqdpt2 5y ago
  A lot of it is wash trading though and a lot of the market cap is paper gains too. I still think it should be regulated and we would be better without the crypto market, but I doubt a crypto crash would have much of an impact on the economy in general.
  - mgaunard 5y ago
    It's quite unlikely that more than half the trades would be wash trading. It's very liquid because it's much more accessible to non-professionals. Giving retail flow direct access is where the revolution lies.