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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: 1,583,35

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 4y 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 4y ago
  You realise that applies to “real money” too right?
  - rvba 4y 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 4y ago
    What do you mean? When converting real money to...?
usednet 4y 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 4y ago
I meant volumes traded. European equities are 50 billion per day, crypto is 100.
- xmcqdpt2 4y 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 4y 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.

righttoolforjob 4y 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 4y ago
You realise that applies to “real money” too right?
- rvba 4y 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 4y ago
  What do you mean? When converting real money to...?

usednet 4y 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 4y ago

I meant volumes traded. European equities are 50 billion per day, crypto is 100.

xmcqdpt2 4y 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 4y 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.