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Slide 43 Figure: Market Cap Fundstrat Bitcoin & Blockchain presentation for Upfront Summit

Slide 43
Figure: Market Cap of Country Stock Markets
$
Cryptoassets are larger than most country equity markets…
Source: Fundstrat, Bloomberg
Market Cap
Crypto assets $550,000,000,000
Rank Country Name Market Cap
1 United States $27,352,200,720,000
2 China $7,320,738,379,789
3 Euro area $6,217,813,253,466
4 Japan $4,955,299,652,289
5 Hong Kong SAR, China $3,193,235,542,860
6 France $2,156,832,792,355
7 Canada $1,993,522,735,730
8 Germany $1,716,041,505,061
9 South Asia $1,585,359,261,547
10 India $1,566,680,487,701
11 Switzerland $1,403,355,611,193
12 Australia $1,268,493,506,774
13 Korea, Rep. $1,254,541,184,535
14 South Africa $951,320,328,604
15 Netherlands $854,349,119,294
16 Brazil $758,558,918,035
17 Spain $704,551,326,648
18 Singapore $640,427,546,857
19 Russian Federation $622,051,532,645
20 Saudi Arabia $448,831,069,542
21 Thailand $432,956,179,451
22 Indonesia $425,767,769,936
23 Belgium $377,756,548,791
24 Malaysia $359,788,303,781
25 Mexico $350,809,553,624
Ranks 26-100 $2,817,299,785,779
Total $71,728,582,616,286
Crypto assets $550,000,000,000
Almost same size as:
Brazil
Spain
Singapore
Russia
Larger than:
Ireland
Spain
Israel
Greece
Turkey
Thailand
Vietnam

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