Today I was thinking about the total market capitalization in the whole cryptocurrency space.
I got thinking, what is the "size" compared to it's direct competitors, banks?
Right now the total market cap is 112b USD
RBC (Royal Bank of Canada) $105b USD
ScotiaBank $70b USD
TD Canada Trust $90b USD
Bank of America $235b USD
As you can see the whole space, of which almost half is dominated by BTC alone, is valued at about the price of a well rounded established, banking and investing firm. And it is STILL growing.
Definitely a force to be reckoned with at this point nobody can deny that.
This post received a 46% upvote from @randowhale thanks to @lvl! For more information, click here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cool post! Crypto's are a big thing right now. I guess they're finally starting to talk about them a bit more in news too. BTC almost at 3000 right now :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think it is hitting that tipping point where there is so much money in it, they HAVE to talk about it and that means admitting that cryptos do what they do but better.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah exacly!. It seems that normal intelligent citizens do some of these "grassroots" things first and then it gets bigger and then when its BIG then it gets to the public.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It seems to happen exactly in that pattern all the time.
As soon as the words "hey what is steemit?" comes out of grandmas mouth you know it's now mainstream and fox is covering it. Full market saturation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hahaha! Nice comment. Thats how it goes. But in Marketing/advertising companies they know these things. All the visibility is the thing. Even so simple things in marketing and really many ppl havent really thinked about it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @lvl! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBy upvoting this notification, you can help all Steemit users. Learn how here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Comparing market caps is somewhat misleading, especially when done between companies and currencies. But when comparing to currencies, it is clear how tiny cryptocurrencies still are.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What is a better comparison?
Yes still a tiny slice of whats to come.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit