2 ms·
To give an another view: 600bn is more than gdp of majority of countries.
by pojzon 6y ago
To give an another view:
600bn is more than gdp of majority of countries.
- pjlegato 6y agoCorrect, and those countries' economies also give us little to no signal about US dollar inflation. The proposition was that BTC prices somehow inform us about that.
- fernmyth 6y agoMarket cap is a stock. GDP is a flow. Comparing the two is nonsense.
- imtringued 6y agoGDP is income. What you are doing is the equivalent of comparing your mortgage payment with the price of the house when you bought it.
- sharpneli 6y agoFor individual humans that’s like saying ”My net worth is $100k and that is more than most people earn in a year”. Yes that is true, it is larger. But it is meaningless comparison and misleading at best.
- chii 6y agocomparing GDP to market cap is also a very irrelevant kind of comparison. Just because the use the same dimension (like dollar) doesn't mean they are directly comparable.