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> Crypto currently makes up about 7% of the world's money supply, according to a quick search. That quick search is clearly way off, It's closer to 0.1% - 1% d
by Closi 3y ago
> Crypto currently makes up about 7% of the world's money supply, according to a quick search.
That quick search is clearly way off, It's closer to 0.1% - 1% depending on how you calculate it.
- esperent 3y agoHere's my source, what's yours? https://www.investopedia.com/tech/how-much-worlds-money-bitcoin/ https://www.investopedia.com/tech/how-much-worlds-money-bitc... Although this is using data from when Bitcoin was worth 50k.
- Closi 3y agohttps://river.com/learn/how-much-worlds-money-in-bitcoin https://river.com/learn/how-much-worlds-money-in-bitcoin Also the article you posted very specifically says that the market cap of cryptos is equivalent to 7% of the narrow money supply (not the full money supply, and NOT that crypto currently makes up about 7% of the world's money supply). Doesn't make sense to compare non-narrow with narrow IMO - i.e. you need to include ALL assets with the same liquidity.
- esperent 3y agoOk, thanks for the feedback. Do you think my points are still valid under this less extreme scenario? Let's assume a 25x - 50x increase of the value of all crypto in a 5-10 year time span. What percentage of all relevant assets would that make up? And would it be enough to destabilize world economies enough for governments to take action?