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Here’s a rough view of all money in the world since 1971.
Blue line = global monetary base, ~$30T
Gold line = gold, ~$10T
Teal line = total crypto marketcap excluding Bitcoin, ~$1.5T
Orange line = Bitcoin, ~$1T

A quick sense-check with CryptoVoices’ BaseMoney chart & VisualCapitalist’s famous infographic shows that’s about right.
But what could these proportions mean?
After 10 years, digital-gold (Bitcoin) is already worth ~10% of Au79 elemental gold.
All other crypto-currencies are worth ~5% of nation-state currencies in the world.
Granted, these might be the wrong analogies to draw…
Maybe I need to include broad money (M2), 3x bigger than narrow money (M1).
Maybe I need to separate global equities (~$90T) & comp to crypto with P/E ratios.
Maybe I need to include all global debt ($250T), global wealth ($360T), real estate ($280T), & derivatives (>$550T notional) → but who knows whether those categories are mutually exclusive + completely exhaustive, or even accurate.



All I know is:
‘Money’ isn’t exactly what we think it is.
‘Intrinsic Value’ morphs the more you try to pin it down.
‘Disruption’ is rarely predictable, inevitable, or estimable.
But if I were a betting man…
I would guess we’re only 5-10% of the way through phase 1 of this process; hence there are probably a few bets that could net patient investors a 10-20x return, measured in a trading-pair of new-world value over old-world value (ex: ₿ / $).
Place your bets.
– Sovereign ⚔️ 🔑
Here’s a rough view of all money in the world since 1971.
Blue line = global monetary base, ~$30T
Gold line = gold, ~$10T
Teal line = total crypto marketcap excluding Bitcoin, ~$1.5T
Orange line = Bitcoin, ~$1T

A quick sense-check with CryptoVoices’ BaseMoney chart & VisualCapitalist’s famous infographic shows that’s about right.
But what could these proportions mean?
After 10 years, digital-gold (Bitcoin) is already worth ~10% of Au79 elemental gold.
All other crypto-currencies are worth ~5% of nation-state currencies in the world.
Granted, these might be the wrong analogies to draw…
Maybe I need to include broad money (M2), 3x bigger than narrow money (M1).
Maybe I need to separate global equities (~$90T) & comp to crypto with P/E ratios.
Maybe I need to include all global debt ($250T), global wealth ($360T), real estate ($280T), & derivatives (>$550T notional) → but who knows whether those categories are mutually exclusive + completely exhaustive, or even accurate.



All I know is:
‘Money’ isn’t exactly what we think it is.
‘Intrinsic Value’ morphs the more you try to pin it down.
‘Disruption’ is rarely predictable, inevitable, or estimable.
But if I were a betting man…
I would guess we’re only 5-10% of the way through phase 1 of this process; hence there are probably a few bets that could net patient investors a 10-20x return, measured in a trading-pair of new-world value over old-world value (ex: ₿ / $).
Place your bets.
– Sovereign ⚔️ 🔑
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