I see this a lot on here about Bitcoins marketcap this and that, please people learn the marketcap valuation is not to be used on something like Bitcoin or Gold , Fiat, the value the network is worth is entirely based on the volume of money or value that the network transacts. Otherwise please tell me the marketcap of Swift? FedWire?
I added a cool example with Air Mag Sneakers for people to understand
Marketcap is this irreverent
last trade price
x
Circulating supply
You made 1 Trillion sneakers
You sold 1 Sneaker for $1
congratulations you now have a sneaker marketcap of 1 trillion. . .
Bitcoin is not a stock, has no EPS , cannot be diluted you cannot give Bitcoin a marketcap.
You can't say the last cycles was the dotcom bubble. You cannot compare the Nasdaq to Bitcoin
Bitcoins marketcap could be 500 Trillion in the future and be doing 6 trillion a day in transactional volume similar to Swift.
I added a cool example with Air Mag Sneakers for people to understand
Marketcap is this irreverent
last trade price
x
Circulating supply
You made 1 Trillion sneakers
You sold 1 Sneaker for $1
congratulations you now have a sneaker marketcap of 1 trillion. . .
Bitcoin is not a stock, has no EPS , cannot be diluted you cannot give Bitcoin a marketcap.
You can't say the last cycles was the dotcom bubble. You cannot compare the Nasdaq to Bitcoin
Bitcoins marketcap could be 500 Trillion in the future and be doing 6 trillion a day in transactional volume similar to Swift.