Re: Crypto marketcap is now more than 13% of cash in circulation

Quote from: btcinsight on December 02, 2017, 10:41:17 AM

Cryptocurrencies marketcaps combined are now around 330 Billion USD, which is roughly 7.5% of cash in circulation in Euro and Dollars combined (around 2500 Bn USD)

Dollar cash in circulation was 1154 Bn USD in 2016:
https://www.federalreserve.gov/paymentsystems/coin_currcircvalue.htm

Euro cash circulation was 1143 Bn EUR in September 2017:
https://www.ecb.europa.eu/stats/policy_and_exchange_rates/banknotes+coins/circulation/html/index.en.html

Clearly, cryptocurrencies usage, apart from pure speculation, is way less than 13% of cash. Isn't it the sign that we are in a giant bubble?

How come you make a conclusion that we are in a bubble,only using this comparison?
I don`t understand your theory.Bitcoin can`t be compared with cash in circulation,because most of the bitcoins aren`t in circulation.Most of the btc are owned by HODLers ,who refuse to use them and only wait for the price increase ,when they sell them for USD to take the profit.You have to compare BTC in circulation with USD in circulation.