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$67,285,852,182 market cap. That's how the sense is made.

• nosuchthing 9y ago
  Those "market cap" numbers are utter garbage and completely inaccurate. How is that number calculated? The actual market rate is only determined by active users who send a buy order though an exchange. If there's no demand, the price instantly tanks to 0 in a few seconds - the exchanges guarantee nothing. What's the demand behind BTC? Speculators? What happens when the speculators cash out because something better comes along?
  • mrep 9y ago
    Not that I think it is worth near that much cause it is 99% speculators, but I would assume it is based on current market price * current BTC withstanding just like how stocks market cap is based (subbing BTC with shares). > What happens when the speculators cash out because something better comes along? It'll crash super hard but I still think this is fine metric.
  • Buge 9y ago
    The number is calculated by number of bitcoins in existence * price of bitcoin. Same as the stock market.
  • zdkl 9y ago
    The demand seems to be "institutionalised" since a couple of years. VC-like money coming in through cryptocoin service startups and disposable income from rich nerds and richer finance types looking to beat the market. It'll pass and/or stabilise. It's the notion of what is stable here that's novel and interesting