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
Crypto currency is a gem hidden and discouraged by the government cause it can challenge them, the only thing left is to know how to carve it into a more precious gem if you you have the patience, this is exactly what is happening, people’s patience ia being tested and the government is laughing behind the mask on the impatience ones. It should ne treated as an assets very valuable which doesn’t depreciate but its value will only keep on appreciating. Plus considering the fact that crypto currency hasn’t been around long enough compared to money which has been around for centuries, given the fact it’s astonishing and mind boggling how far it will go in just a small amount of time.considering the time taken by money its not even a fraction. Future here is bright. Thanks gor sharing @stephenkendal keep it up and do what you do best.best of luck for the show and it’s preparation.
Also the US GDP is "per year" while the crypto market is a constant value over time. It's still a drop in the bucket.Remember that the internet bubble didn't pop until 2.2 trillion in 90's dollars.EDIT: should also be noted that those 2.2 trillion dollars would be almost double the price in 2017 dollars. Also the Dot-com bubble was localized in the west while cryptocurrency is a global phenomenon. Plus the world economy is almost 4x as big in 2017 than it was in 1990.Thus assuming cryptocurrency is a bubble and it will behave the same as the dot-com bubble it will grow to about ~40 trillion before popping. Of course this is assuming it is a bubble and will behave the same way as the dot-com bubble.And remember even if it's a bubble. Google and Amazon were born in the dot-com bubble and are some of the biggest companies in the world right now. What giants of the future are born right now in cryptoland?
Good News for Cryptos!...:)...
Very detailed information, crypto currencies shouldn’t be banned , because it is the future . Imagine a world where everything is decentralized, the world of blockchain. As long as blockchain exists so will crypto currency.
Imagine we can see the frauds our so called leaders had completed.
Crypto currency in my own understanding and philosophy is the future , it could only be regulated and never be banned .
Thanks for sharing stephen
thats really amazing news for the day and im sure if crypto been introduced worlwide as a safe and reliable the GDP will boost out for sure even in 1% GDP it's manage it's place on market and take a huge part on financial system...
as we can see crypto being victimized from many countries and the media it never upsets its investor and always has come with a better come back with good return @stephenkendal
This is all just to create tension among people against the cryptocurrency and cryptoassests as it is taking the place of financial place and government and corrupted leaders and rich people are worried about it..This why they are creating fake data,fact and news of cryptocurrency so that people back uo but people are well aware of it and they won't afraid of it as blockchain ledger clearly showing true financial status of cryptocurrency market with reference to GDP.. Thanks @stephenkendal for presenting the truth among us!
This show that fundamental analysis is affecting cryptocurrencies now due to unfavorable news, but I believe there is going to be an improvement in cryptocurrencies, and it will be globally acceptable.
wow that's really an amazing new im feel relief after so long dressings wait of bitcion .... this news is really a great news for now and it's very true that it's just relative of financial system which is jusy giving a big hands of help to the financial system ..
also it's the generator of opportunities in financial world the old also its take a huge part on GDP ....
it's also the modification to the better financial system to be supported for this modern world of finance which was really need to get some changes..
thank you for the information @stephenkendal
Great post..Loved the amazing information..Oh that is great and it didn't shocked me as there is 7 billion people in this world and almost i think only about 1 billion people know about it and less than 50 million has invested in it, So after the price higher of CryptoAssets it not equal to even 1 percent Global GDP..Many big country like china has banned the cryptocurrency in which almost 2 billion population is..Thank you so much for amazing information..@stephenkendal I am thinking it will have great future it's hope it..
I thought that $18 Trillion was the market cap for the NYSE. Are those two numbers coincidentally the same number?
Wait, I decided not to be lazy and to look it up. US National debt is $20.5 trillion. US GDP is $18.5 trillion. NYSE market cap is $21.0 trillion.
All numbers are fairly similar. Also, all numbers are approximate. But who's counting, when you're throwing around $500 billion here and there?
Less than 0.5% of the global GDP huh.. Wonder why all the fuss about cryptoassets having an influence in illicit activities.. To an extent of banning them. Clearly this small percentage of the GDP shows these coins haven't got to a level of being massively traded for illegal products and services. At the moment it's the dollars mostly financing illegal activities.. And if the governments don't get themselves together to find a solution for currency financing illicit activities, then the public will continue getting doomed by the effects of these illicit activities.
Owk I think this is good news for us. It's been bad news all the way but this will soften some heavy hearts like mine. Thanks for this info @stephenkendal
cryptocurrency is the our future 100%financial system just there are been some hesitating on believing and changing the old financial system
it's the human behavior the don't want to change there old way when it's come to on changing... im very sure about the future of the cryptocurrency when it's will take more %GDP soon which will be the new revolution on the financial system..
Everything takes its time and some ups and down so as the crypto have been taking for now so im just looking forward to its next level and the progress @stephenkendal so we need to be patient and wait for the right timr
But how to achieve success convince them to understand this
Cryptographic money is a pearl covered up and demoralized by the administration cause it can provoke them, the main thing left is to know how to cut it into an all the more valuable jewel in the event that you have the persistence, this is precisely what is occurring, individuals' understanding ia being tried and the legislature is giggling behind the veil on the restlessness ones. It should ne regarded as an advantages exceptionally important which doesn't devalue however its esteem will just continue increasing in value. Additionally considering the way that cryptographic money hasn't been around sufficiently long contrasted with cash which has been around for a considerable length of time, given the reality it's shocking and brain boggling how far it will go in only a little measure of time.considering the time taken by cash its not even a portion. Future here is splendid. Much obliged gor sharing @stephenkendal keep it up and do what you do best.best of fortunes for the show and it's arrangement.
Extraordinary post..Loved the astounding information..Oh that is awesome and it didn't stunned me as there is 7 billion individuals in this world and nearly I contemplate 1 billion individuals think about it and under 50 million has put resources into it, So after the value higher of Cryptographers it not equivalent to even 1 percent Global GDP..Many enormous nation like china has restricted the digital currency in which right around 2 billion populace is..Thank you such a great amount for astonishing information..@stephenkendal
Additionally the US GDP is "every year" while the crypto showcase is a steady an incentive after some time. It's as yet a drop in the bucket.Remember that the web bubble didn't fly until 2.2 trillion in 90's dollars.EDIT: ought to likewise be noticed that those 2.2 trillion dollars would be twofold the cost in 2017 dollars. Additionally the Dot-com bubble was confined in the west while digital currency is a worldwide marvel. Besides the world economy is very nearly 4x as large in 2017 than it was in 1990.Thus expecting cryptographic money is an air pocket and it will act the same as the website bubble it will develop to about ~40 trillion preceding popping. Obviously this is accepting it is an air pocket and will act an indistinguishable path from the website bubble.And recollect regardless of whether it's an air pocket.
Wondering how that compares with the government bond market, corporate bonds, stocks, currency, etc., all worldwide. That would put it in perspective.
posting very nice friends, i really like posting friends.
Well said right there sir @stephenkendal. Hope has just floored my heart. Am grateful to such great men like you for standing strong and encouraging many crypto investors. What many folks don't know is that this is a new financial revolution and we are moving forward despite of the current oppositions and criticisms. Its just a matter of time. The explosion is on the way where many huge banks will have no more business to do but to just close down because of their rigidness.
This show that fundamental analysis is affecting cryptocurrencies now due to unfavorable news, but I believe there is going to be an improvement in cryptocurrencies, and it will be globally acceptable.
well if it was a bubble its not anymore lol
Cryptographic money is a pearl covered up and demoralized by the administration cause it can provoke them, the main thing left is to know how to cut it into an all the more valuable jewel in the event that you have the persistence, this is precisely what is occurring, individuals' understanding ia being tried
Wow! Sir great post
I believe Wall Street ruined Bitcoin. Things were going great. But soon after Wall Street got involved with their stupid Futures contracts, Bitcoin became bearish.
That is extremely stunning news for the day and im beyond any doubt if crypto been presented worldwide as a sheltered and dependable the GDP will support out without a doubt even in 1% GDP it's deal with it's place on market and take an immense part on money related framework...
as should be obvious crypto being deceived from numerous nations and the media it never agitates its financial specialist and dependably has accompanied a superior return with great return @stephenkendal