Let this weird parallel financial system develop for another decade and see what comes out of it. Might actually solve some problems.
Let this weird parallel financial system develop for another decade and see what comes out of it. Might actually solve some problems.
European market cap 2019: 8,078,748,800,000 (8 trn)
Coinmarketcap today: 1,583,350,504,806 (1 trn)
Not a tiny blip.
Compared to world equity 2021 [3]: 117 trn
I would call it a small blip.
1: https://tradingeconomics.com/european-union/market-capitaliz...
3: https://www.sifma.org/resources/research/research-quarterly-...
I still think it should be regulated and we would be better without the crypto market, but I doubt a crypto crash would have much of an impact on the economy in general.
It's very liquid because it's much more accessible to non-professionals. Giving retail flow direct access is where the revolution lies.