Trying to work out what bitcoin's total market cap is as a % of the total dollar plus bitcoin monetary base (for my dissertation). Have read it was 0.14% in 2015 when the total market cap was roughly $5.5bn but now at $191bn it's increased.

The dollar monetary base is 1,606,695 million (1,606,695,000,000)
Bitcoins current market cap is $191bn.

I keep getting an answer of circa 10% which seems like far too much.

Any help much appreciated!
Thanks

Hello everyone,

I'm a final year economics undergraduate at university and am in the process of developing the thesis for my dissertation. I've recently joined this forum with the idea of getting as much help developing it as possible. Initially I am thinking of talking about the viability of cryptocurrency on a global scale and the possibility of it becoming THE major financial tool in the economy.

Can anyone help me possibly narrow this down or propose any ideas that I could possibly talk about? If you have any specific info or papers you think I should read please will you comment or email me at jbuckley2@sky.com

Thanks so much in advance for any help!

Jack