Thursday 22 November 2018

Why invest in cryptocurrencies at all?

A study by the Cambridge Center for Alternative Finance said in May 2017 that there are approximately 4 million active users of cryptocurrencies . This corresponded to a user base of 0.05% of the world population. All available cryptocurrencies had a market capitalization of approximately $ 70 billion. If one compares that with the value of all euro banknotes in circulation (about 1 trillion €) that would be a share of about 7%. Assuming a worldwide monetary volume of approximately 150 trillion euros, the proportion is 0.04%.

By mid-November 2017, market capitalization already exceeded $ 245 billion. In terms of global money, that would be 0.16%. In mid-December, we are already above 0.30% with a market capitalization of $ 500 billion.

By the end of December 2017 and the first quarter of 2018, after an all-time high of more than $ 700 billion, market capitalization fell to $ 350 billion. The so-called "crypto-winter" persists persistently beyond the first quarter of 2018, not least due to the numerous regulatory attempts. To get more information #https://bitcoin-generator.de/.

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