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Besides the difference between "worth" and "valuation", could you please elaborate?
by birriel 5y ago
Besides the difference between "worth" and "valuation", could you please elaborate?
- qeternity 5y agoA dollar is worth a dollar. So all the dollars are worth whatever that dollar amount is. It’s reflexive. Crypto is valued by market cap, which is very different. If you tried to even sell 10% of all crypto in the next day, the market would implode. Basically, liquidity is important.
- wmf 5y ago"circulation refers to just physical cash and coins" so it's not a useful metric. The supply of US dollars is vastly higher than crypto.
- birriel 5y agoI understand that, but the headline specifically states that the comparison was being made in relation to currency in circulation, so I was wondering what was "ultra misleading" about it.
- wmf 5y ago99% of people don't understand the difference between money supply and currency in circulation so they'll draw the wrong conclusion, and the right conclusion is boring. This article shouldn't even exist.