Bitcoin just makes up 1.58% of the US Equities and just 0.56% of the Global Equities. One reason we may be still early.

With a 13 years of history behind Bitcoin we surely still ask ourselves whether we could still be considered as investors that are “early“, in the sense of the investment still has not unfolded the majority of its potential. Usually an investor wants to be early on an investment because that is where you can make the most gains even with smaller amounts of money.

Looking at the price-action it is impossible to say whether you are early as surely the people when BTC hit $100, $1k, $10k were also saying that you are too late now for investing but history shows that this was not the case at all. So we need other metrics to find out how early we exactly are.

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Chart by Jamie Coutts on Twitter

Here comes in the comparison of Bitcoins market cap to the combined Equities worldwide (such as S&P500). If we compare the Bitcoin market cap to just US Equities, it makes up just 1.58% of that pile. Which is smaller than numerous companies such as Apple and Microsoft. As the leader of a new asset-class that is extremely low for Bitcoin.

If we compare Bitcoin to Global Equities it is even lower as we are just at a 0.56% of that share. Which is literally nothing for a new asset-class like Crypto that is looking to change the everyday-life of many people and has already for some.

According to this perspective we are indeed pretty early if we consider that Crypto is supposed to be a game-changer for the whole world and compete with leading government currencies. Of course we won‘t be bigger than the whole equity market but I do think that Crypto will be a considerable size of that one day.