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With a current circulating supply of 119,329,078 ETH [1] that’s a $21,479,234,040,000 market cap. Total USD money supply is $6,394,800,000,000 [2]. That seems
by donmcronald 5y ago
With a current circulating supply of 119,329,078 ETH [1] that’s a $21,479,234,040,000 market cap. Total USD money supply is $6,394,800,000,000 [2]. That seems like a ridiculous prediction to me.
The whole article talks about BTC and ETH like they’re a currency, but that’s not how the tax authority in my country (Canada) views them. And, having tried to buy an ENS domain, I can say that ETH sucks as a currency.
1. https://coinmarketcap.com/currencies/ethereum/ https://coinmarketcap.com/currencies/ethereum/
2. https://tradingeconomics.com/united-states/money-supply-m0 https://tradingeconomics.com/united-states/money-supply-m0
- tomputer 5y agoIt depends on how you define the existing money supply. If you look at broad money it does not seem that ridiculous. For example, gold is currently worth $11.5 trillion [1]. That is almost twice as much as the M0 money supply you are referring to. [1] https://companiesmarketcap.com/assets-by-market-cap/ https://companiesmarketcap.com/assets-by-market-cap/