The market cap of cryptocurrencies, the world’s fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonald’s. Still, it looks tiny compared to other global markets.
The site The Money Project has put together a series of interesting pictures describing the market cap of the world’s money and markets. Each block square is worth $100 billion.
Apple, a world leading tech giant, has a market cap of over $800 billion. But Bitcoin prognosticator Ronnie Moas, founder and director of Standpoint Research, predicted that “Bitcoin needs to be taken seriously as within five years it could reach $800 billion.”
The world top 50 richest people are worth a whopping $1.9 trillion. Bitcoin’s pseudonymous creator Satoshi Nakamoto with his coins unmoved from day one is also in the billionaire league. And in recent weeks, ripple’s record highs have propelled its co-founder creator Chris Larsen to one of the world’s richest people. He owns 5.19 billion of its XRP cryptocurrency, which gives his holdings a rough value of $12.82 billion, according to Forbes.
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