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So the bitcoin market cap is currently at $1.8 trillion. You can compare that to USD M0 which is $5 trillion or EUR M0 which is around €4 trillion. Not bad fo
by koonsolo 10mo ago
So the bitcoin market cap is currently at $1.8 trillion.
You can compare that to USD M0 which is $5 trillion or EUR M0 which is around €4 trillion.
Not bad for an "extremely inconvenient database".
- petesergeant 10mo agoSouth Sea Company at its height was worth almost 3x British GDP. Not bad for a company "with negligible business activities"!
- koonsolo 10mo agoWe've been hearing the story for years already that the Bitcoin value will go to zero.
- stephen_g 10mo agoMarket cap is pretty hypothetical though - if somebody actually tried to liquidate $50bn of bitcoin into fiat money you'd probably send the BTC price to about zero...
- baq 10mo agoSlippage yo. Market cap means jack shit if the true order book is thin like a slice of carpaccio.