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Understanding the Scale of Bitcoin in the Global Financial System
Bitcoin's value compared to global monetary systems reveals its potential to replace traditional forms of money. Despite Bitcoin's trillion-dollar market cap, the massive size of the global credit market, at 400 trillion, dwarfs it. The limited supply of 21 million Bitcoins contrasts with the vastness of the credit system. This highlights the challenge of grasping the significant role Bitcoin could play in the economy.