Crypto Market Worth 2.25% of World's Money

in LeoFinance3 years ago

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Crypto Market total volume is nearly 2 Trillion dollars as of 3rd April 2021, out of which bitcoin contributes 66% of the crypto money.

With all time prices, most of the coins are doing pretty well on the coin market.

If crypto market is a country, it will be the 9th richest country in the world with whopping 2T dollars total volume.

How much crypto market worth in World's GDP?

World's GDP is roughly around 88 T as of 2019-20. Let's do quick math.
World GDP is 88T
Crypto Market 2T

Now let's Divide 2T with 88T, that's gonna be
2T÷88T = 0.0227

Now let's multiply it with 100 to get percentage value.
0.0227×100 = 2.27%

So the entire cryptocurrency currency has 2.27% of the world's money. 😱 Isn't it great.

Imagine if people started investing more money into crypto, paying bills, buying properties, even buying a chocolate everything done with a crypto. Crypto is gonna be the future money.

Well if governments ban any of these crypto currencies like India tried to ban cryptocurrency, then it wouldn't be possible. Even china banned ICO's back in 2018, that made bitcoin crashed from 20k USD to below 7k and even 5k USD. Hope that never happens with any of the governments in the world. I'm glad my country India took their decision back from banning crypto in my country. If they ban in the future, I probably move to another country for sure.

But it's crazy to see the crypto market worth couple of trillion dollars. I still remember when crypto reached its first 200 back in 2017, that was the talk of the town.

Note : This is not a financial advice to buy any cryptocurrencies, it's just a market evaluation post about how much crypto worth in World's GDP.

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