Bitcoin

How big is the cryptocurrency market?

The crypto market has grown tremendously in 2021, with the global market cap surpassing $2 trillion for the first time.

To assess the “enormity” of the industry’s overall capitalization, NGRAVE, a cryptocurrency security services provider, did so to compare market with the value of other industries.

Compared to precious metals, real estate and stocks

Gold currently has a market cap of $11.4 trillion, which is 5 times the size of the crypto market and 13 times the size of Bitcoin, also known as “digital gold”.

NGRAVE said $10 billion pulled from gold funds in 2021 as BTC establishes new ATH amid rampant money printing. The company also notes competition between the two markets as Bitcoin evolves into a “safe haven” asset class.

However, when compared to the size of the global silver market, the crypto market cap is almost double at $1.28 trillion.

Cryptocap vs Precious Metals Market | Source: NGRAV

Meanwhile, humanity’s main store of wealth, the world’s real estate market, is said to be worth nearly four times global GDP, reaching about $340 trillion, at least 160 times the size of the cryptocurrency market cap.

Although viewed as an asset that rivals the $122 trillion global stock market, the crypto market cap is still very low in comparison. However, the crypto market is comparable to the EU stock market at $14 trillion or even the US stock market which is valued at $50 trillion.

Cryptocap vs Stock Market | Source: NGRAV

Compared to GDP, government debt and student debt

Compared to gross domestic product (the value of all goods and services produced in a country), the crypto market would make the top 10, stretching between France ($2.63 trillion) and France and Italy ($1.889 trillion). .

The leading countries include Japan ($5.058 trillion), China ($14.723 trillion), and the United States ($20.894 trillion). Meanwhile, Bitcoin alone makes the top 20.

Cryptocurrency Capitalization vs. GDP | Source: NGRAV

The crypto market can hardly be compared to the global government debt, which is at a record high of $226 trillion. However, when compared to government debt, the crypto market cap of $2.97 trillion lags just behind the UK.

The market can also keep up with the US budget deficit for 2021 (at $2.77 trillion) and the US student debt burden ($1.7 trillion).

Cryptocurrency Capitalization vs. Sovereign Debt and Student Debt | Source: NGRAV

Compared to global industries and leading stocks

NGRAVE has estimated the total value of the crypto industry at $2.35-2.9 trillion, including many companies not directly involved in cryptocurrency issuance, such as hardware wallets, marketing and media companies, mining companies, blockchain startups , payment networks, crypto-focused venture capital funds, etc.

Compared to other global industries (cryptocurrency made the top 10 once in 2020), it has surpassed the telecom industry ($1.74 trillion).

Although the crypto industry has almost overtaken the automotive manufacturing sector ($3 trillion), it still lags behind the oil and gas exploration and production ($4.6 trillion) and food ($5 trillion) markets.

Meanwhile, cryptocurrency capitalization with a market value of $22.5 trillion is still far from the global financial services industry.

Cryptocurrency Cap vs. Global Industries | Source: NGRAV

Finally, the crypto market cap ranks in the top three when compared to the best-performing stocks in the world, including tech giants.

The most valuable public company in the world is Apple ($2.98 trillion), followed by Microsoft ($2.51 trillion), while Alphabet ranks third with a market cap of more than $2 trillion.

However, NGRAVE has shown that Bitcoin is reaching a $1 trillion market cap much faster than these giants. Notably, it took Bitcoin just 12 years, half the time it took Amazon to reach this milestone.

Cryptocurrency Cap vs. Top Companies | Source: NGRAV

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

31 minutes ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

1 hour ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

1 hour ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

2 hours ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

3 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

4 hours ago

This website uses cookies.