4 ms·
> arguably entirely fantastical market cap The idea of using market cap as a frame of reference for crypto needs to die. There are much stricter controls about
by mbesto 4y ago
> arguably entirely fantastical market cap
The idea of using market cap as a frame of reference for crypto needs to die. There are much stricter controls about how a company issues more stock (and thus can inflate or deflate the price) than how a cryptocurrency issues more coins. Also, cryptocurrency market caps are denominated as an exchange of <insert your country> fiat, whereas a company's market cap is in the fiat in which the company is actually sourced (e.g. NASDAQ).
You just can't compare the two.