How big could Bitcoin be?

In the second half of 2017, the word "Bitcoin" became one of the most sought after on the web. In the news, forums and other media was the topic to follow. Most perhaps out of curiosity to know what was going up in price more and more.

This wave of euphoria brought many enthusiasts and many detractors. There were those who sold their properties or used their savings to buy Bitcoins when they were around US $ 10 thousand.

On the part of the detractors came the arguments as it was a Ponzi scheme or pyramid scheme, a mania like that of tulip bulbs or an economic bubble.

We could say that all are valid or not until proven otherwise. Of course neither enthusiasts nor detractors could have the absolute truth. It is simply the opinion of some against others.

But, in reality, how big is the Bitcoin market, as to attract the attention of many sectors?

Well, I gave myself the task of finding information about it to make a comparative and fortunately (in a joking tone) someone already did the research and I want to share it with pleasure. For this I will refer to two articles. Giving all the credit to howmuch.net team.

The idea of ​​graphically shaping the global economy could not be clearer, in this way the size of each market can be dimensioned. It is worth mentioning that the values ​​are approximate considering the price of Bitcoin at the time of writing, as well as the amount of Bitcoins available.

Let's start with Bill Gates, for years the richest man in the world so it is an excellent level of comparison. The fortune of Bill Gates is estimated at US $ 90 Billion ($ 90,000,000,000), while the capital market of Bitcoin ranges from US $ 112 B ($ 112,000,000,000), to put it somehow the Bitcoin is "slightly higher." However , it is estimated that it is similar to the fortune of Jeff Bezos, owner of Amazon.

From the image we can highlight several points:

1- At the time of writing Jeff Bezos has more money than all the Bitcoins together and that's not counting the value of Amazon.

2- The entire cryptocurrency market (BTC, ETH, XRP, etc.) equals the fortunes of Jeff and Bill together.

3- Only the Amazon company is worth 8 times more than the entire capital market of Bitcoin.

4- If the Bitcoin capital market were worth the same as the Apple company, each Bitcoin would cost approximately US $ 58,000.

5- If Bitcoin manages to capitalize the market value equal to the sum of Amazon and Apple (US $ 1.97 T = $ 1,970,000,000,000), the price of each Bitcoin could reach US $ 115,000.

6- If we compare the gold market with that of Bitcoin, it can be seen that the golden metal market is almost 70 times larger than the main cryptocurrency market.

7- If Bitcoin were worth 10% of the gold market, each Bitcoin would have an approximate price of US $ 45,000.

And if we go to the big leagues, the numbers are bigger and bigger.

According to the data, the gold market is 38 times larger than the current market of all cryptocurrency. As a reference, the US debt is US $ 21 T, that is, almost 3 times the capital market of gold. If you "tokenize" each ounce of gold with bitcoins, the price of cryptocurrency would be $ 450,000.

The stock market is 10 times larger than the gold market, which means that it is almost 700 times larger than the market value of Bitcoin. Only 1% of this market would make the price of Bitcoin reach approximately US $ 45,000.