Generally speaking, the crypto market is a relatively young market.
The first cryptocurrency was born in 2009 which leave us with the conclusion that the oldest cryptocurrency, Bitcoin, is just 10 years old.
The majority of other cryptocurrencies are from 3 up to 5 years old.
The latest wave of new cryptocurrencies happened in 2017-2018 in the time of big market bubble.
At the time of writing, February 2019, there are around 2000 cryptocurrencies with a total market valuation around $100 billion.
The highest point was in December 2017 when the total market reached its peak above $800 billion.
Crypto market vs Stock market
Comparing to the stock market, crypto is very similar.
By buying shares of some company you are becoming part of the company and the project they are working on.
Same things happen in crypto when you buy some coin, you spiritually become part of their community.
Most buyers get “married” to the coin they buy which is not the way investing should be done.
Stock market cap valuation at the moment is around $70 trillion.
It means that the stock market is 700x times bigger than the crypto market at the moment.
Compared to the stock market, the crypto market is still very miniature.
The market cap of the biggest stock company, Apple, is currently $800 billion.
It is 8x bigger than the valuation of the entire crypto market at the moment of writing.
Crypto VS Forex.
We can’t compare the market valuation of the forex market since you can’t literally buy the shares but what we can compare is daily volume.
The daily traded volume in Forex is roughly $5 trillion per day.
On the other side, daily traded volume in the crypto market is currently around $20 billion.
It means that the crypto market, compared to Forex, is 250x time smaller.
Crypto vs Gold
A lot of people like to call Bitcoin digital gold.
The market valuation of Gold at the moment is around $8 trillion, which is 80x times bigger than entire crypto market and roughly 130x times bigger than the market valuation of Bitcoin at the moment which is at $60 billion.
The fact that the crypto market is still extremely small compared to other markets, gives us a clear sign of its potential.
That’s the reason why it is considered as the hottest investment opportunity in the market.
Milos is an independent trader, with a background in journalism and publishing. Nomadic by nature, he’s lived in four different countries this decade. He’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives. Milos got into Bitcoin while completing his degree and hasn’t looked back since, writing about anything crypto-related. He is the co-founder of the Cryptoaims and he has a strong passion to educate people about this revolutionary technology.