3 ms·
Market cap is a strange way to frame crypto. Would you ever talk about market cap of USD or the pound? Transaction volume, unique addresses, stock to flow are m
by swader999 6y ago
Market cap is a strange way to frame crypto. Would you ever talk about market cap of USD or the pound? Transaction volume, unique addresses, stock to flow are more useful.
- johnvanommen 6y agoMoney supply is possibly the number one metric that I use to evaluate investments.
- sb057 6y agoMoney supply is a functional equivalent of market cap and is a rather common economic measure.
- NovemberWhiskey 6y agoThis really just seems like an odd statement to me. The market cap of just the S&P 500, which is denominated in U.S. dollars, is over $30tn, which is 50% more than the M2 money supply of U.S. dollars. So, explain to me again how these things should meaningfully be compared?
- skystarman 6y agoThe vast majority of people who buy bitcoin are using it as an "investment" so market cap makes sense here.