"Money" is a much squishier concept. There is no "market cap" for dollars from which you can compute a fraction. In fact, the most common measures of "money supply" view securities as resources/property/objects and not money. In fact in fact, the purchase/sale of a debt security like a bond is the primary way that money is "created" in the economy.
The closest you could come to answering this question would be to ask Fidelity, Vanguard, etc... how much of their investment account balances are held in ETFs. I have no idea what the answer is.
$9tn - around 2.1% of global wealth. Equivalent to 4x more than the physical USD$ currency in circulation, and equivalent to around 2x the value held in deposits at commercial US banks.
Isn't this the opposite side of the trade? That sounds like how much money is invested in ETFs representing other stuff and not how many dollars are locked up in ETFs as the underlying asset.
Are you asking, of the global monetary supply of USD, how much is parked in financial vehicles that people then trade shares on to speculate its change in value rather than interest yield or dividends? Does that even exist for an inflationary currency?
Money is used to transact, it doesn't "sit" in ETFs. e.g. if I buy a share from you that money goes from person A (the buyer) to person B (the seller), it doesn't "sit" in the stock.
Now ETFs can hold some cash, but in general they're invested almost wholly in their target asset, so they hold the assets instead of cash.
ETF does not usually hold "money", so it does not make sense to ask about "percentage". ETF does however hold stocks and the like. According to BlackRock, "ETFs represent 12.7% of equity assets in the U.S., 8.5% in Europe, and 4.4% in Asia-Pacific." [1] But I think the closest should be comparing to Gold ETF since Bitcoin now is more considered to be a commodity, or event "digital gold". It would be around 2% according to Wikipedia. [2]
As an individual perhaps. Should 20% of all fiat be in savings accounts? That may depend on what portion is in the hands of individuals vs companies, governments, etc.
I think there is enough people who have brainwashed themselves that Bitcoin is the magical new super gold... Add to this cohort of grifters who peddle it and gold... Some "sound money" theorist in too.
I'm believe our current economic system entirely bonkers and going to crash, but that doesn't mean we won't build it on fiat again... But some people think we will go back to some type of hard money... For which bitcoin is the internet age grift...
Where Raoul has refined his narrative but still ends with attempting to demonize, fear monger, and attempting to instil doubt that (or perhaps it's part of self-soothing) that maybe the other side ("anti-Bitcoiners") is simply too rigid in their logic - and why their logic, that seemingly "pro-Bitcoiners" are starting to understand - so they just need to be sure to loosen up some, in case their solid logic is too strict; the irony here is that thinking or advice here is projecting.
if you bought at any time besides in the year 2021, your investment held its value. at this point, its just a place to park value, until its not. unlike the other comment saying its not gold, it clearly is functioning as gold-like.
It's not money in the real sense. You can't buy water with it. You can't buy medicine with it. You can't buy land with it. The map is not the territory with Bitcoin.
Its worth noting that FedNow was only rolled out in July of 2023[1] making it a poor measuring stick for total transactions, since most banks have not yet adopted the standard yet.
Miners have to sell massive amounts of bitcoin regularly to pay their electricity bills. So there's a solid floor on the amount of supply. If demand ever goes below this supply floor the price will crash.
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[ 0.40 ms ] story [ 66.2 ms ] threadThe closest you could come to answering this question would be to ask Fidelity, Vanguard, etc... how much of their investment account balances are held in ETFs. I have no idea what the answer is.
Now ETFs can hold some cash, but in general they're invested almost wholly in their target asset, so they hold the assets instead of cash.
You seem to be mistaking market value for money
[1]: https://www.ishares.com/us/insights/global-etf-facts#:~:text....
[2]: https://en.wikipedia.org/wiki/Gold_holdings
I'm believe our current economic system entirely bonkers and going to crash, but that doesn't mean we won't build it on fiat again... But some people think we will go back to some type of hard money... For which bitcoin is the internet age grift...
Where Raoul has refined his narrative but still ends with attempting to demonize, fear monger, and attempting to instil doubt that (or perhaps it's part of self-soothing) that maybe the other side ("anti-Bitcoiners") is simply too rigid in their logic - and why their logic, that seemingly "pro-Bitcoiners" are starting to understand - so they just need to be sure to loosen up some, in case their solid logic is too strict; the irony here is that thinking or advice here is projecting.
youve been able to hold bitcoin in a retirement account for a decade now, depending on your start date ... could be a good or bad investment.
https://finance.yahoo.com/quote/GBTC/chart#eyJpbnRlcnZhbCI6I...
if you bought at any time besides in the year 2021, your investment held its value. at this point, its just a place to park value, until its not. unlike the other comment saying its not gold, it clearly is functioning as gold-like.
[1] https://www.nobsbitcoin.com/bitcoin-is-now-5th-largest-base-... [2] https://rumble.com/v4h9oqc-483-bitcoin-is-the-7th-largest-ba...
No, of course not: the payment provider does an on-the-fly conversion for me into whichever currency is required on the other end.
There are a ton of banks that now give out credit cards that support Bitcoin wallets. I, personally, have 3: Revolut (https://www.revolut.com/crypto/), BitPanda (https://www.bitpanda.com/en/card) and Wirex (https://wirexapp.com/card).
There are more options in the EU (such as Xapo Bank) and even more in the US, like Strike (https://www.strike.me) and Cash app.
[1]https://www.investopedia.com/what-is-fednow-7963716
Look up Gresham and Thiers' Laws