# 5-10% Disruption

By [0xSovereign](https://paragraph.com/@0xsovereign) · 2021-11-17

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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
    

![](https://storage.googleapis.com/papyrus_images/94abd55c13285be8a5aa89b95491b7ae63f3aef347155f1abbce99ea5b82d022.png)

A quick sense-check with [CryptoVoices’ BaseMoney chart](https://cryptovoices.com/basemoney) & [VisualCapitalist’s famous infographic](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/) shows that’s about right.

But what could these proportions mean?

### One framing-lens is “% disruption”.

*   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](https://www.tokenterminal.com/terminal/metrics/pe).
    
*   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.
    

![](https://storage.googleapis.com/papyrus_images/a581f34714601b354346ff181ab84e21a9a53a5670ecb9ecd3606f95bed7e742.png)

![](https://storage.googleapis.com/papyrus_images/497e06a9fd4ccb8a21daf4d73f5b7daeb9289116f68eb2974f9d4a204717c9ef.png)

![](https://storage.googleapis.com/papyrus_images/589f0030b7d896ce88317fc24c8cf9204668c15346a473fcd8ffe21482cc081c.png)

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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*Originally published on [0xSovereign](https://paragraph.com/@0xsovereign/5-10-disruption)*