95 days ago • Posted by Charles-Henry Monchau

Chart of the day: despite last week surge in price, Bitcoin market cap remains a tiny fraction of global assets value

As JPMorgan previously highlighted, the potential long-term upside for bitcoin is considerable if it competes more intensely with gold as an “alternative” currency, given that the market cap of bitcoin (at $340bn) would have to rise 8 times from here to match the total private sector investment in gold via ETFs or bars and coins which stands at $2.6tr. - Source: www.zerohedge.com, Paul Tudor Jones 

#Cryptocurrencies
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