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So quick math. Bitcoin is a $1.6TB market valuation. $2.1B represents around .1% of that value. So the total capitalization dropped $160B when someone remove
by bb88 6y ago
So quick math.
Bitcoin is a $1.6TB market valuation. $2.1B represents around .1% of that value.
So the total capitalization dropped $160B when someone removed $2.1B in value? That is a multiplier of 80 times.
And you're saying that's pretty good?
- phroobster 6y agoA huge number of assets would drop similarly if you unloaded .1% of their entire market cap in one day. I’d say BTC recovered fairly well from that sale.