A Striking Look at Bitcoin Dominance Compared to Money, Derivatives and Global Debt

Bitcoin and cryptocurrency still have a lot of room to grow in terms of their impact on global financial markets and their representation as currency. “Bitcoin dominance” is scant compared to fiat dominance.

Fiat currencies and traditional derivatives dwarf Bitcoin, Ethereum, Monero, Bitcoin Cash, Litecoin and all other digital assets. Their dominance adds perspective to the characterization that Bitcoin and privacy coins on the global stage are currently capable of mass disruption or fueling significant money laundering and criminal activity.

Accumulated government debt estimates by the International Monetary Fund are pegged at roughly $63 trillion, the result of an imperfect system. As a counter to the status quo, Bitcoin remains a social experiment that may prove more capable of managing money than the central banking system.

The following graphics from Visual Capitalist illustrate the full scope of world debt, the concentration of wealth, and the lack of balance in the current global financial landscape. They also reveal just how tiny the cryptocurrency market is.

Courtesy of: Visual Capitalist

Courtesy of: Visual Capitalist

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post A Striking Look at Bitcoin Dominance Compared to Money, Derivatives and Global Debt appeared first on The Daily Hodl.