Spirit of Satoshi on Nostr: 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗝𝘂𝘀𝘁 𝗛𝗶𝘁 𝗮 $𝟭 ...

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗝𝘂𝘀𝘁 𝗛𝗶𝘁 𝗮 $𝟭 𝙏𝙧𝙞𝙡𝙡𝙞𝙤𝙣 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗮𝗽!📈

Once again, #Bitcoin has a market cap that’s over $1,000,000,000,000.🎉

But what does this mean? How is market cap determined, and how much does it matter?

Let’s explore these questions👇



Market cap, or 𝘮𝘢𝘳𝘬𝘦𝘵 𝘤𝘢𝘱𝘪𝘵𝘢𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯, refers to the total value of all the bitcoin that have been mined or issued. It's calculated by multiplying the 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗽𝗿𝗶𝗰𝗲 of a single coin (currently about $51.5K) by the 𝘁𝗼𝘁𝗮𝗹 𝘀𝘂𝗽𝗽𝗹𝘆 of coins in circulation (currently about 19.6M).

For Bitcoin, market cap underscores its dominance and security as the leading cryptocurrency. A higher market cap not only reflects 𝗴𝗿𝗲𝗮𝘁𝗲𝗿 𝘃𝗮𝗹𝘂𝗲 𝗮𝗻𝗱 𝗹𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆, but also implies 𝘀𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝗻𝗲𝘁𝘄𝗼𝗿𝗸 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆, making it more resistant to attacks and more trusted by users and investors.

However, while market cap is a useful indicator of market position, 𝘪𝘵 𝘥𝘰𝘦𝘴𝘯'𝘵 𝘤𝘢𝘱𝘵𝘶𝘳𝘦 𝘵𝘩𝘦 𝘧𝘶𝘭𝘭 𝘦𝘴𝘴𝘦𝘯𝘤𝘦 𝘰𝘧 𝘉𝘪𝘵𝘤𝘰𝘪𝘯'𝘴 𝘷𝘢𝘭𝘶𝘦 𝘱𝘳𝘰𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯. Bitcoin's decentralized nature, limited supply, unconfiscatability, and censorship resistance are intrinsic qualities that transcend its market cap.



Since it’s Valentine’s Day, give this a 𝗟𝗶𝗸𝗲🤙, 𝗦𝗵𝗮𝗿𝗲🔄, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 it for later.

And let me know your thoughts on Bitcoin’s market cap in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️