Row 63767

Row ID: 63767 | Dataset Entry | Axioma AXP Content Repository

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One of the biggest things holding back mass adoption of BTC is the perception that it’s “too expensive”, in fiat terms. Particularly when you look at the market cap, which is currently $1.37 trillion.

When people hear that figure, it sounds like an enormous amount of money, which it is. But in reality, it’s a fugazi… It doesn’t represent real money.

Market capitalization is simply the last traded price x circulating supply. It doesn’t represent money invested, and it doesn’t represent the value of all BTC if everyone tried to sell. So why is it denoted in dollars?

I could launch a coin with a supply of 10 million, sell 1 coin to my friend for $10… and all of a sudden my coin has a market cap of $100 million. Yet only $10 was invested or traded.

Other people who are new to the markets think that market cap is an actual “cap” on how high something can go… but that’s for another day.

I’d argue that the dollar sign should not be used at all when denoting market cap of BTC.

FieldValue
text One of the biggest things holding back mass adoption of BTC is the perception that it’s “too expensive”, in fiat terms. Particularly when you look at the market cap, which is currently $1.37 trillion. When people hear that figure, it sounds like an enormous amount of money, which it is. But in reality, it’s a fugazi… It doesn’t represent real money. Market capitalization is simply the last traded price x circulating supply. It doesn’t represent money invested, and it doesn’t represent the va…
label r/bitcoin
dataType post
communityName r/Bitcoin
datetime 2024-05-23
username_encoded Z0FBQUFBQm5Lak1hRUo2Y3ZCUkVLWk5qeGdyc1lkVVZ2TEs5UkxaZjBIaGV1OC1jaHJXS0NucVdobU9Wb2ZRM0YwYW9vUjZSU0JtV05HRUgwLXAyX3pyV2U1Q2pIOVRCZUE9PQ==
url_encoded Z0FBQUFBQm5Lak9yT3ZSdGwzeFExMUJGNXN1d05aNWxpWjZxazFXOHZ3Z2RsZU9kN0N0SDE4X1BnbzNvMmh1VjRDYmdNTTY2Yy12ckRZMkl4VXZkbDZFXzI5RUs4bGthUGwtOVhrR2JIblNUbXQxbWplUnZiMnhIWWJoS0owN1ZEc0lhVEl1SFZLcmdQNkxjNTNTWlRfanNRVzkyTThSNWVBRWJMZFBqNHpBMUp4dmtvbzlKYnBMbDV1cU9wVmtqT3lfaWhWY3QwNkdmek1HUWhTSTY0bzVqV3pNSkZnRGljZz09

Raw Record

{
  "text": "One of the biggest things holding back mass adoption of BTC is the perception that it’s “too expensive”, in fiat terms. Particularly when you look at the market cap, which is currently $1.37 trillion. \n\nWhen people hear that figure, it sounds like an enormous amount of money, which it is. But in reality, it’s a fugazi… It doesn’t represent real money. \n\nMarket capitalization is simply the last traded price x circulating supply. It doesn’t represent money invested, and it doesn’t represent the value of all BTC if everyone tried to sell. So why is it denoted in dollars? \n\nI could launch a coin with a supply of 10 million, sell 1 coin to my friend for $10… and all of a sudden my coin has a market cap of $100 million. Yet only $10 was invested or traded. \n\nOther people who are new to the markets think that market cap is an actual “cap” on how high something can go… but that’s for another day.\n\nI’d argue that the dollar sign should not be used at all when denoting market cap of BTC. \n",
  "label": "r/bitcoin",
  "dataType": "post",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1hRUo2Y3ZCUkVLWk5qeGdyc1lkVVZ2TEs5UkxaZjBIaGV1OC1jaHJXS0NucVdobU9Wb2ZRM0YwYW9vUjZSU0JtV05HRUgwLXAyX3pyV2U1Q2pIOVRCZUE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9yT3ZSdGwzeFExMUJGNXN1d05aNWxpWjZxazFXOHZ3Z2RsZU9kN0N0SDE4X1BnbzNvMmh1VjRDYmdNTTY2Yy12ckRZMkl4VXZkbDZFXzI5RUs4bGthUGwtOVhrR2JIblNUbXQxbWplUnZiMnhIWWJoS0owN1ZEc0lhVEl1SFZLcmdQNkxjNTNTWlRfanNRVzkyTThSNWVBRWJMZFBqNHpBMUp4dmtvbzlKYnBMbDV1cU9wVmtqT3lfaWhWY3QwNkdmek1HUWhTSTY0bzVqV3pNSkZnRGljZz09"
}
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