4 ms·

> half a trillion USD is a tiny market What?

• noir_lord 9y ago
  Apple, Google, Microsoft and Amazon all have market cap larger than 500bn. Pretty much any 5 of the Fortune 100 has a market cap greater than 500bn, 500bn is a fuck tonne of money but compared to the aggregate size of the market it's pretty much bugger all.
• notyourday 9y ago
  BTC market size is the $$/Yen/GBP/Euros exchanged into BTC a day and backwards, not Max(SomeOnePaidForBtc) * BTCs outstanding.
  • ryanwaggoner 9y ago
    Interesting. Why is it this and not daily volume?
    • vkou 9y ago
      I trade you my dog for your cat. We both say that they are worth a million dollars. What is the market cap of our two-animal store-of-value ecosystem? (Unless you're an economist, the answer is not "Two million dollars.") On the other hand, if I then went ahead and sold your cat to some outside party for $600, and you sold my dog for $400, we could reasonably say that the market cap is ~$1000.