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The article calls crypto-currency a "trillion-dollar industry", that seems like a gross exaggeration or I just misinformed?
by InfiniteRand 5y ago
The article calls crypto-currency a "trillion-dollar industry", that seems like a gross exaggeration or I just misinformed?
- dehrmann 5y agoThat is a bit odd. AUM isn't the same as revenue.
- mikeyouse 5y agoIt's not even remotely AUM either. These markets are all extremely shallow and highly correlated. You couldn't sell even a few billion USD worth of crypto in a short period of time without tanking the entire enterprise.
- exdsq 5y agoThis is the sum of the market cap of all cryptocurrencies. Whether this is a fair way to value the industry or not is up to the reader.
- jl2718 5y agoThe stock market is a $47T industry. Residential real estate is a $36T industry. How much is the oxygen breathing industry worth?
- deleted 5y ago[deleted]
- cyanydeez 5y ago47+36+1=84T
- jl2718 5y agoI feel like that’s an under-valuation of the oxygen, water, and sunlight market. We should be paying tax on at least $1M per day per person. And now that they have a valuation for the elliptic curve digital signature algorithm, perhaps they can venture an assessment for the Pythagorean theorem. I’ve been wondering how much I owe on all of my right triangles.
- quickthrowman 5y agoIt’s a gross exaggeration, if you tried to move the sort of volume that index or bond futures traders do on a daily basis, you’d run out of liquidity.