# 5-10% Disruption

**Published by:** [0xSovereign](https://paragraph.com/@0xsovereign/)
**Published on:** 2021-11-17
**URL:** https://paragraph.com/@0xsovereign/5-10-disruption

## Content

Here’s a rough view of all money in the world since 1971.Blue line = global monetary base, ~$30TGold line = gold, ~$10TTeal line = total crypto marketcap excluding Bitcoin, ~$1.5TOrange line = Bitcoin, ~$1TA quick sense-check with CryptoVoices’ BaseMoney chart & VisualCapitalist’s famous infographic 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.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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