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All market caps of all assets are "fiction" in the sense that they don't measure the total amount of money that all units of the asset could fetch on the market
by everfree 5y ago
All market caps of all assets are "fiction" in the sense that they don't measure the total amount of money that all units of the asset could fetch on the market.
- ohmanjjj 5y agoTrue. Also leverage further distorts the true market cap. With Bitcoin $100k can easily be used to buy $800k worth of Bitcoin or more in some platforms. And yes, same is true for the stock market. Everything is made up. Nothing is real.