Derek Ross on Nostr: I've never liked these Bitcoin marketcap charts when being compared to companies like ...
I've never liked these Bitcoin marketcap charts when being compared to companies like Meta, Google, Amazon, etc. They have shares of stock that are accessible and tradable. Bitcoin has millions of coins that are lost and inaccessible. If an asset is unusable, I don't think it should be counted. Since we have no way of knowing how much bitcoin is lost and inaccessible, then the marketcap of coins is highly inaccurate.
*shrug*
Just a random thought. Back to your regularly scheduled ATH excitement.
We’re bigger than META and just getting started 📈
Published at
2024-11-06 21:40:40Event JSON
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"content": "I've never liked these Bitcoin marketcap charts when being compared to companies like Meta, Google, Amazon, etc. They have shares of stock that are accessible and tradable. Bitcoin has millions of coins that are lost and inaccessible. If an asset is unusable, I don't think it should be counted. Since we have no way of knowing how much bitcoin is lost and inaccessible, then the marketcap of coins is highly inaccurate. \n\n*shrug*\n\nJust a random thought. Back to your regularly scheduled ATH excitement.\n\nnostr:note1jd3jr75vy4nxkp9zdalr28zsz58ltxrrhvwpn35nftqmnr69a5lsk8kta8 ",
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