One picture to clearly see where BTC is now: Bitcoin’s total market value is about $1.6 trillion, accounting for only 1% of the world’s total money supply.
Side-by-side comparison on the same basis:
RMB $52.8T (33.6%)
Gold $31.1T (19.8%)
US dollars $23.2T (14.8%)
Euro $18.9T (12.0%)
Other fiat currencies $15.1T (9.6%)
Japanese yen $10.0T (6.4%)
British pound $4.3T (2.7%)
Bitcoin $1.6T (1.0%)
Three takeaways:
1. Gold makes up about 1/5 of the global money supply. Its size is about 19 times that of BTC—there’s still a long way to go in market share for the “digital gold” narrative.
2. BTC is only 1%. On the one hand, it shows that it’s still small; on the other hand, it also means the ceiling is still far away.
3. Fiat currencies make up nearly 90% in total. This is the origin of the long-term logic most commonly cited for BTC: “hedging against fiat currency devaluation.”
Data chart source: Bitcoin Conference.
Side-by-side comparison on the same basis:
RMB $52.8T (33.6%)
Gold $31.1T (19.8%)
US dollars $23.2T (14.8%)
Euro $18.9T (12.0%)
Other fiat currencies $15.1T (9.6%)
Japanese yen $10.0T (6.4%)
British pound $4.3T (2.7%)
Bitcoin $1.6T (1.0%)
Three takeaways:
1. Gold makes up about 1/5 of the global money supply. Its size is about 19 times that of BTC—there’s still a long way to go in market share for the “digital gold” narrative.
2. BTC is only 1%. On the one hand, it shows that it’s still small; on the other hand, it also means the ceiling is still far away.
3. Fiat currencies make up nearly 90% in total. This is the origin of the long-term logic most commonly cited for BTC: “hedging against fiat currency devaluation.”
Data chart source: Bitcoin Conference.
