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Think more interesting number would be total paid-in capital. That would be a better metric to gauge the baseline value. My guess is it’s closer to $10-20B.
by hahahahe 6y ago
Think more interesting number would be total paid-in capital. That would be a better metric to gauge the baseline value. My guess is it’s closer to $10-20B.
- anm89 6y agohttps://bitcointreasuries.org/ https://bitcointreasuries.org/ indicates that $51,841,521,637 has been paid in just over the last few years and that's just a few companies. Your figure is off by an order of magnitude. Greyscale alone has purchased more than that amount.
- nwah1 6y agoExactly. Spot price and "market cap" are meaningless for something with purely speculative value. The relevant figure is total paid-in, minus total withdrawn, to be more precise. And probably we can't know, given that entities like Tether refuse to show their books.
- jccodez 6y agoi only use it to buy weed.