Hello Everyone
I always want to know the situation of cryptocurrency and stocks relatively. Current marketcap of stocks is 70 trillion and cryptocurrency market cap is 178 billion.Speculators says that cryptocurrency market reaches 1 trillion marketcap in 2019. What do you think, will it takes few years for crypto market to reach stock market cap or is impossible? or can it overtake stocks?
I think in the future they might be merged together. If you'll look at cryptocurrencies, only a little portion of them are currencies like Bitcoin or Monero. Many other are more like securities, people buy them because they expect to make profit from owning them, so a lot of ICO tokens are digital stocks. In the future it might become an industry standard to issue stocks on blockchain. As for true cryptocurrency it's better to compare it with precious metals or fiat currencies rather than stocks, because they are so different.