How big is Bitcoin compared to all world's Money??

[d5000]

Regarding the types of assets that are shown on this website, in my opinion only currencies and gold are the categories from where Bitcoin could "steal" some market share.

Stock markets are completely different. They're based on real-world economic activity. It may seem to some that stocks are nothing more than an "asset" with which you can "gamble" or at least save your money in. But imagine the situation if Bitcoin would take away some significant share from stock markets - this would mean that many companies could become under-financed, we would see a significant economic crisis. This won't happen. I know that some stocks are overpriced - their prices are based on expectations than on real cash flows (particularly in the tech sector) - but at the same time others are underpriced, mostly in traditional economic sectors.

I think even the derivatives market is one where Bitcoin can only "take away" a small number of investments from. Derivatives are also tightly tied to real-world activity, mainly based on stocks and commodities like oil or metals. Trading them means to try to profit from information advantages on these markets (e.g. if you can anticipate changes in a market better then others).

"Global debt" is always something intimidating if you look at this kind of figures which show the "total debt in the world", but you have to remember that every time you buy something with a credit card you increase this number. "Debt" means simply a time difference between the acquisition of a good and the payment. It's not something where Bitcoin could take a "share" from.

Anyway, if Bitcoin becomes stronger in the "savings" (competing with gold) and "currencies" sectors, six-digit prices are totally possible. So this is not a bearish post at all

[bitmover]

Stock markets are completely different. They're based on real-world economic activity. It may seem to some that stocks are nothing more than an "asset" with which you can "gamble" or at least save your money in. But imagine the situation if Bitcoin would take away some significant share from stock markets - this would mean that many companies could become under-financed, we would see a significant economic crisis. This won't happen. I know that some stocks are overpriced - their prices are based on expectations than on real cash flows (particularly in the tech sector) - but at the same time others are underpriced, mostly in traditional economic sectors.

Stock market's moneys can flow to and from gold, and it just did now in corona pandemia. and the same could happen to bitcoin as well.

When the price of a stock falls the company do not get under-financed.

Stock price is just a speculation about the future of the company, mostly based in companies' capacity to pay dividends.
In a crise like corona virus, the expectation about the future of most of the companies in the world is worse than it was before. Almost every company in the world will have less profit in 2020 than in 2030, so they will pay less dividends, less people will be interested in their shares, so their price falls.... but this doesn't affect companies finances.

Selling stock to buy gold and bitcoin while companies are not performing well is a common practice, which happened now in corona crisis.

[Latviand]

For me, bitcoin is much better than the real money at the moment. Because of the volatility, it became an advantage of bitcoin to other real currencies. It also became an opportunity for everyone who wants to earn or to have savings in the future as well. This might be the reason why it became big to them although so far it was a virtual currency.

You're only looking at the brighter side, it is not good to be optimistic, but also consider its price when it goes down due to volatility. Bitcoin is not only constant at going upwards when it comes to its price, it is not only increasing, there's a time where bitcoin will have a downward movement in the market and we need to accept that.

But overall, bitcoin is really a good source of profit and savings when you trade or hold it. This requires good decision making and patience in order to manipulate bitcoin properly in the market and you need to accept the fact that using cryptocurrency is really more risky than fiat currency.

Agree, fiat money has become more volatile and this may give a new impetus to the growth of cryptocurrencies.

Bitcoin is better than fiat currency when it comes to its growth, many people are investing in cryptocurrency rather than in fiat currency because it is really more profitable. Sometimes, there are people who are doubting about bitcoin, it is normal because we also experience hard times in bitcoin especially when its volatility strikes downward. Cryptocurrency can sometimes grow on its own because of other factors that affect and influence its price in the market.

[AniviaBtc]

Only one brick for cryptocurrency each and I’m glad to see ETH along with BTC, well this can still be considered as a new one and not bad at all because we can still grow over time. The global debt is crazy, and I believe it will continue to rise especially now that many countries borrows some funds to fight the pandemic. As we can see, there’s a lot of investors who invest on gold because of its good value, jewelry is a nice investment too.

Gold is really an all time favorite investment of people even before but with the new technology that has risen, cryptocurrency like bitcoin is something new that will have a huge impact in the future. Bitcoin has still a big room to grow and even if it cannot compete with the current big companies like amazon or apple, i think bitcoin is still a good choice with great potential as an investment.

But I will still choose Bitcoin over Gold when it comes to short-term manipulation with a huge profit, its volatility will really make you have more profits using its sudden change in price. Although it is much risky than holding a Gold, the possibility of acquiring larger profits is there. For a long term investment, I will really choose Gold because I believe that gold can be hold for so long until you need to sell it.

As long as you hold it for longer like 5 to 10 years, it will really increase it price and you just need patience and self-discipline. Cryptocurrency is just young compared to a Gold that exists for a long period of time, they are both limited in the supply and we can't probably mine even a single btc soon. So all of us needs to seek more information about the power of Bitcoin in the world economy.

[rodskee]

For me, bitcoin is much better than the real money at the moment. Because of the volatility, it became an advantage of bitcoin to other real currencies. It also became an opportunity for everyone who wants to earn or to have savings in the future as well. This might be the reason why it became big to them although so far it was a virtual currency.

Don't just look in the positive side instead check both areas if the volatility really helps or not.Yeah there are many good
 effect if the market is Growing and we are profiting from this,but what about then the market is
 drowning like what we had few months ago?is this really advantage?well in some way for those who are looking for another
 buying this is indeed but not to those who are holding and expecting to profit in sooner time.



But on the other mean i would agree that if we Knew how to use and take advantage in volatile market?then for sure you
will at least get what you wanted but not continuously because market has downs
and ups better expect everything than just the good one.

[Alert31]

For me bitcoin is still better to choose than gold because as the day goes bye,you will earn a lot from investing in bitcoin because of volatility. Especially now that we are stay at home because of pandemic,cryptocurrency is the best choice to earn. And for me,bitcoin is very valuable now even though fiat money is still important because it is issued by the government. You can trade bitcoin to make money now while you can't earn fiat money directly because you lost a job because of covid19.

[peter0425]

For me bitcoin is still better to choose than gold because as the day goes bye,you will earn a lot from investing in bitcoin because of volatility. Especially now that we are stay at home because of pandemic,cryptocurrency is the best choice to earn. And for me,bitcoin is very valuable now even though fiat money is still important because it is issued by the government. You can trade bitcoin to make money now while you can't earn fiat money directly because you lost a job because of covid19.

Comparing Gold to Bitcoin is not appropriate mate because they are totally different in referring for investing .

For me i would choose using Bitcoin as my spending money when time comes that it was adopted in my country.

and will use Gold just for my Saving as i want to be physical when comes to my back up money.

[d5000]

Stock market's moneys can flow to and from gold, and it just did now in corona pandemia. and the same could happen to bitcoin as well. [...] When the price of a stock falls the company do not get under-financed.

This is all true, but it occurs on relatively small scale. In the Corona crisis the gold price increased 20-30%, it didn't multiplicate, which would be necessary if a large part of the stock market investments went into it.

My point is that it's not like the image suggests: that the market cap of Bitcoin could become so big that a significant "share" of the money which is put today in the stock market could flow into it and stay there sustainably.

Stock price is just a speculation about the future of the company, mostly based in companies' capacity to pay dividends.

Exactly. But let's examine the crisis example in detail: if a relatively large part of the money of the stock market would flow into Bitcoin and gold, then the relation stock rentability/dividends eventually would become distorted. After a time, if the companies at the stock market continue to be sustainable and recover from the crisis, it would become attractive again for the money to return to the stock market to be able to profit from dividends.

All what would be possible from these movements was a short price spike for Bitcoin, and on a relatively small scale. I think it would be similar to the spikes the Gold price sees in crisis periods, not more than that. So the amount of gold and currencies together continues to be a better number to be compared to the "potential market cap of Bitcoin".

[justdimin]

We have always talked about how bitcoin is smaller compared to worlds money but we do not have to aim that much to be that important. We do not even have to be as big as gold to actually matter, we could just be 10 trillion in marketcap for bitcoin and 10 trillion for rest of all altcoins and that could be our natural borders and be enough.

Unfortunately people mistake all these numbers and see what bitcoin could become as something this huge that could be combination of all of them, even dollar is not like that, even gold is not like that, every and each of them has their own part in the "worlds money" calculation and I think bitcoin could be just one part instead of being as big as all of them combined. When you become as big as 20 trillion all crytos combined, you are basically nasdaq and nyse combined and that is good enough for a global crypto market.

[PavelMed]

i think bitcoin someday will get place on that graph ,  time by time people more recognize about bitcoin and try to adapt , hopefully in 10 years later it will become true

That you want to think so. There are no prerequisites for this. One or two generations must change in order to understand the importance of digital currency. But the most important thing is the emergence of the habit of using cryptocurrency in everyday life

[bitmover]

i think bitcoin someday will get place on that graph ,  time by time people more recognize about bitcoin and try to adapt , hopefully in 10 years later it will become true

That you want to think so. There are no prerequisites for this. One or two generations must change in order to understand the importance of digital currency. But the most important thing is the emergence of the habit of using cryptocurrency in everyday life

I think bitcoin already have a big space in those graphs, bigger than most people expected.  Bitcoin is growing rapidly and corona crisis certainly brings more attention to it. Although the price didnt really spike more people are talking about it

[stiffbud]

i think bitcoin someday will get place on that graph ,  time by time people more recognize about bitcoin and try to adapt , hopefully in 10 years later it will become true

That you want to think so. There are no prerequisites for this. One or two generations must change in order to understand the importance of digital currency. But the most important thing is the emergence of the habit of using cryptocurrency in everyday life

I think bitcoin already have a big space in those graphs, bigger than most people expected.  Bitcoin is growing rapidly and corona crisis certainly brings more attention to it. Although the price didnt really spike more people are talking about it

Above is an attached image of google trends and from that we can clearly see that the interest related to bitcoin have gone down in the past 3 months, right after the start of lockdown in many countries and this might be the reason why the price of bitcoin still haven't gone up more than $10k and remained there even after price halving as there aren't much users coming in. So if there isn't any new people coming in then how can we say that bitcoin is gaining more attention, as when people hear anything the first thing they do is to search on google about it and in this case the interest has gone down over time.