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
Well the numbers add up, so unless you've got incorrect data then you're correct. If you say it was 0.14% when the whole crypto market cap was 5.5bn then I would guess bitcoin alone was at maybe 4.5bn-5bn, it would mean it's increased by about 40 times since then, assuming money supply has stayed the same, giving you about a 6% answer. Perhaps you should look in to what definitions were used when considering the monetary base.