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Another salient point is that when an entity buys all the shares of a company they pay a premium over the current share price indicating that the company is per
by krrrh 8y ago
Another salient point is that when an entity buys all the shares of a company they pay a premium over the current share price indicating that the company is perceived by the market to be more valuable with a single shareholder than with widely dispersed shares.
A cryptocurrency with a single sharehodler is a non sequitor and essentially worthless.
- CydeWeys 8y agoYou've put it into words better than I have. To acquire all shares of a company requires a premium, but to acquire all shares of a crypto makes it worthless. Companies and cryptos are not remotely the same thing and frankly "market cap" is a misnomer when applied to cryptos; it misleads more than it enlightens.