Bitcoin Market Value Represents Only 0.2% of Global Wealth

Bitcoin currently holds a market value of $2 trillion, representing only 0.2% of the estimated $1 quadrillion in global wealth. This highlights the nascent stage of the cryptocurrency market.

Global Wealth Distribution

Real estate: $370 trillion (37% of global wealth)
Bonds: $318 trillion
Stocks: $135 trillion
Cash and bank deposits: almost $130 trillion
Art, cars, and collectibles: $27 trillion
Gold: $22 trillion

Bitcoin’s market share remains small compared to traditional assets, despite its fixed supply of 21 million coins. The scarcity has led to predictions that Bitcoin's value could eventually match gold's market cap, pushing prices above $1.15 million per coin.

Institutional Interest

Michael Saylor suggests that major institutions may enter the Bitcoin market as prices increase. He speculates that companies like JPMorgan might invest when Bitcoin reaches $1 million, with potential for prices to hit $10 million in the future.