Sunday, April 14, 2024

What is the size of the cryptocurrency market?

When comparing the market to traditional asset classes, there are a few things to keep in mind. The first thing to remember is that cryptocurrency is very new to the world. It has barely been a decade since Satoshi Nakamoto published the whitepaper for Bitcoin. When we compare it to something as old as gold, there are bound to be discrepancies. For example, the global valuation of gold stands at above $10 trillion. Cryptocurrency, on the other hand, has a global valuation of $2 trillion. However, when we compare crypto to silver, crypto wins handsomely. Despite silver being a precious metal for thousands of years, it has a market valuation of approximately $1.2 trillion dollars. Cryptocurrency has almost twice as much. At its present rate of growth, cryptocurrency is not very far from crossing the $5 trillion mark. From there, the $10 trillion mark won’t be very far.

With real estate, the scenario looks a little different. Real estate is the leading global market by far. It is a $340 trillion market, four times more than the global GDP. Like cryptocurrencies, the real estate segment also goes through frequent highs and lows. Despite that, it has been the most secure long-term investment instrument. With the introduction of virtual plots and houses in the metaverse, it is difficult to predict what the future of the real estate market would look like. In 2022, we will be closer than ever to finding out how crypto stands against all other investment instruments in the world.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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