Hi,
Im wonder how far can we go with the total marketcap.
Last year we had 100+ billion. Now we have 700+ billion.
How far can we go?
There is no limit as long as population keep growing and money keeps printing in the press and things get costlier day by day. Get all this under one roof, makes some algebra out of it and you will see its non ending.
This might sound ridiculous but there is a chance market cap isn't truly increasing.
What we may be seeing is a shift of market cap from fiat to crypto currencies. Crypto's rising market cap might better be described as a paradigm shift whereby wealth is shifting from traditional fiat currencies and the economies they represent. If the world's markets and economies are dwindling and growing less wealthy over time, that might be explained by the world's wealth being shifted into bitcoin instead.
What we may be seeing is bitcoin gaining value as people abandon the world's markets and fiat currencies and choose to pour their wealth into bitcoin/crypto, instead.
May be it is just imaginary paradigm shift you talking about. There is still huge market out there and it clearly separates itself from the crypto currencies. The fiat keeps growing everyday as they print it and as long as balance is maintained in the country itself the market cap doesn't move. Once there is big exchanges of trades between two countries, profit-loss calculation and enough money then market make moves depending upon the final results. Crypto stands out differently and it just depend upon how much being poured into it. Thats what I think about it.