Even at their recent peak, the CryptoAssets combined global market value was less than 1% of Global GDP. In comparison, just prior to the global financial crisis, the notional value of Credit Default Swaps was 100% of Global GDP..!!

Cryptocurrency News: #Investors-Group

Credit: CoinTelegraph

G20 Finance Ministers and Central Bank Governors, gather for the summit starting Tuesday March 20

Earlier on I was scanning my news feeds and came across this great article by CoinTelegraph that I thought I would share with you.

Credit to CoinTelegraph for the content in the article.

For the ones that may have missed it here, is the link...

https://cointelegraph.com/news/bitcoin-price-jumps-1k-after-carney-tells-g20-crypto-does-not-pose-risk
Credit: CoinTelegraph

Credit: CoinTelegraph

Credit: CoinTelegraph

#CryptoCurrency Market relative to the Global System

To put things into perspective just how tiny the #CryptoCurrency Market actually is in relative to the Global System, I thought I would highlight this comment.

Even at their recent peak, the CryptoAssets combined global market value was less than 1% of Global GDP. In comparison, just prior to the global financial crisis, the notional value of Credit Default Swaps was 100% of Global GDP..!!

CryptoAssets vs CryptoCurrencies

One other thing that I also wanted to highlight was the use of the term "CryptoAssets" as oppose to "CryptoCurrencies".

For a while now I have been telling investors that really these CryptoCurrencies are actually CryptoAssets and should be treated as such.

This was highlighted in a recent presentation I made on the 8th Feb 2018 during a Live Webinar Event to a group of traders and investors.

For the ones that may have missed it, here is the opening slide and title I decided to go with for the presentation.

CryptoAsset Market - Approx $320 billion

With a current Market Valuation of approx $320 billion, the CryptoAsset Market is relatively small at the moment and at less than 0.5% of Global GDP poses little threat to the Global Financial System.

I guess this will change in the future thanks to #Blockchain and the Distributed Ledger Technology when it stands at over $50 trillion and represents over 75% of Global GDP.

Until then, we just have to keep chipping away at the current antiquated, obsolete, garbage, manipulated and corrupt Financial System that is still stuck in the 1970's..!!

Thanks again for reading.

Stephen