How large is the crypto market really? - Crypto in Plain English - Episode 187 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it15 Juni 2022

How large is the crypto market really? - Crypto in Plain English - Episode 187 - by cryptohunt.it

How large is the crypto market really?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Bitcoin, Ethereum, crypto winter, boom, crash. Crypto is in the news cycles all day long. So it should be reasonable to assume that everyone has a little crypto and it’s a massive market?

Surprisingly, not quite. Let’s take a deeper look at how much money is really floating around.

The best way to do this is to look at total market capitalization, which refers to all the money market value of all the traded crypto assets in the world.

As of today, there are around $1 trillion dollars worth of crypto assets out there. That’s a lot of money! But if you put it in perspective, you can see how early we still are if you believe that crypto is going to eventually take off.

Apple for example, the famous iPhone maker, is worth double of ALL of crypto as a single company. So is Saudi Aramco, the oil company. Microsoft is pretty close as well. And there are a whopping 2000x more US dollars in circulation than crypto.

So there you have it. You may think crypto is massive, or that a crypto winter would be a huge blow to any economy. But in reality, it still pales in comparison.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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