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If you think the project makes sense, I would suggest hold into it. Bitcoin has a market cap of ~472 billion dollars. The amount of dollars in circulation is o
by joaogfarias 6y ago
If you think the project makes sense, I would suggest hold into it.
Bitcoin has a market cap of ~472 billion dollars.
The amount of dollars in circulation is on the magnitude of hundreds of trillions.
Therefore, it's still way too undervalued.
https://howmuch.net/articles/worlds-money-in-perspective-2018 https://howmuch.net/articles/worlds-money-in-perspective-201...
(Note: "Very old chart", but the idea is the same)
- deleted 6y ago[deleted]
- leoplct 6y agoI do think the real circulating supply is lower (Lost wallet, Seized wallets) therefore the real market cap is lower. About valuation, you cannot compare a company which gives investors dividends/buyback vs a currency only used for holding and trading.