3 ms·
You can not see that the mcap doubles in 10 years if you check the current mcap. You just explained why the mcap is pointless. Everyone know USD gets printed. I
by noxer 7y ago
You can not see that the mcap doubles in 10 years if you check the current mcap. You just explained why the mcap is pointless. Everyone know USD gets printed. Inflation isn't a secret either. No one need to check the mcap daily over several years to see that. People may wanna know the inflation rate in % per year or how much money was printed in the last year etc. The current mcap however says nothing. The history may show a trend but that's something completely different and the actual current value isn't relevant do determine a trend.
Also you totally bullshitting neither Interactive Brokers nor Yahoo Finance shows mcap for any fiat or precious metals. It however show mcap for cryto (Yahoo) but that doesn't make it a useful value. Its most probably just copied form CoinMarketCap.
>For any stock you click, you see its market cap.
Sure, but I said fiat/gold not stocks. The whole discussion started because people think the mcap of bitcoin somehow makes bitcoin or other cryptos comparable to stocks or fiat/gold. But that's nonsense because the value itself has no meaning for these assets.
Again, no none care that you think I have no clue. Bring arguments/sources for your claims or stop wasting everyone's time.