Cryptocurrencies are a very small part of global economics, even compared to the gold market, the crypto market is still tiny. The estimated market cap for gold is currently around $7 trillion compared to the market cap of all crypto currencies which includes Bitcoin, Ethereum, Litecoin, Dash and about 1300 other coins or tokens which stands at approx $300 billion, the gold market cap is approx 40 times larger. Compare that to the global stock market which is approx $77 Trillion, the bond markets $100 Trillion and the derivatives market at a whopping $1.2 Quadrillion!!! 

Cryptocurrency market is approx,  2.4% of the Gold market, 0.3% of the Global stock market & 0.015% of the Global Derivative Market.

With the flow of new fiat money now entering the crypto market and investors moving out of overbought stocks and low return bonds, we can only imagine how the crypto market cap will increase over the coming years as it gains mainstream adoption.

Due to the vast numbers we are talking about, I have added each market in turn to give you a better perspective, or you’d be scrolling down this page for a long time before you saw the cryptocurrency bar…

 

Courtesy of: Visual Capitalist

Coinbase

Probably the easiest route in to cryptocurrency. Sign up for an account here and you'll receive $10 of FREE Bitcoin with your first $100 purchase (or your equivalent currency value).

 

Connect your bank account, credit/debit card so you can exchange into and out of your local currency. Download the app on your mobile device to keep track of your Bitcoin, Ethereum & Litecoin on the move. Any digital currency stored on coinbase servers (in your coinbase wallet) is covered by insurance. Set up recurring buys to invest slowly over time, every day, week, month etc. or buy and sell at anytime.

 

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