Bitcoin Still Small vs Global Money — Large Upside If Institutions Keep Flowing In

I argue that Bitcoin remains a small slice of global fiat money — roughly 1.7% by one measure — and the entire crypto market is still tiny versus global financial assets. Total crypto market cap is about $4.0 trillion (≈3% of fiat), Bitcoin ≈$2.4 trillion and Ether ≈$0.5 trillion.

By comparison, gold is ≈$22.7 trillion and global circulating fiat (dollars, yuan, euros and other money aggregates) exceeds $86–113 trillion depending on the measure. If Bitcoin reached gold’s valuation, its price would be roughly ten times higher; ETFs and institutional flows are already moving billions weekly.

Despite progress, crypto’s market size relative to the global financial system remains small, which implies meaningful upside potential but also liquidity and valuation caveats because market cap = price × supply, not cash parked on exchanges.