Again, market cap _is_ price per share multiplied by shares outstanding. In practice, the amount of cash a company has has nothing to do with its market capita

Again, market cap _is_ price per share multiplied by shares outstanding. In practice, the amount of cash a company has has nothing to do with its market capitalization. There are companies with low cash, major debt, and sky high valuations. Stocks are supposed to be valued by discounted cash flows, but that doesn’t mean they are, by any means. The future values of companies are highly subjective. Technically, cash doesn’t factor into future cash flows so much as it does book or liquidation value. > This is why people are skeptical of most things crypto... it really seems like there's hardly anyone in the community who understand fundamental financial concepts. I would argue one reason people are skeptical (annoyed is probably a better word) of crypto because it is full of folks who purport to know fundamental and even advanced financial concepts who are actually deluding themselves.