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On this video, I focus on the significance of market cap as a means of measuring a cryptocurrency’s adoption and success.
What’s the single finest metric for measuring cryptocurrency success/adoption over time?
Is it the variety of devs working in your challenge? Trace: Ethereum had an enormous unethical premine that it will probably use to rent numerous devs to assist maintain modifying the bottom layer and hard-forking it into non-existence.
Nope, it is market cap (on actual quantity). Low quantity creates a faux market cap: you could possibly print up a trillion tokens and promote simply one in every of them to a pal for $1 to get a $1 trillion market cap to your cryptocurrency.
Bitcoin has been and stays probably the most profitable cryptocurrency over time as measured by market cap.
The bigger an asset’s market cap, the extra that enormous traders can take part. In case your market cap is barely $1 billion and I’ve $100 million to allocate, I can’t play the sport.
The extra that enormous traders can take part, the upper the market cap goes.
It is a virtuous circle on the way in which up (BTC), and a vicious circle on the way in which down (BCH)
We’re now at a market cap with Bitcoin the place it lastly is smart for an enormous participant like BlackRock to get entangled. BlackRock’s involvement will allow household workplaces, endowments, and companies to comply with in MicroStrategy’s footsteps and simply add BTC to their stability sheets.
It may be ETF BTC, and never sovereign BTC, however that is OK as a result of it nonetheless will increase adoption and market cap. You and I can proceed to carry BTC and by no means let BlackRock get their fingers on it.
The following step up within the adoption curve is: nation-states and central banks including BTC to their stability sheets.
Bitcoin’s buying energy continues to extend not simply towards conventional property, but additionally towards all different cryptocurrencies.
Hoping that your crypto does not admire towards different property so that folks will not discover you is the signal of a loser mentality.
Not funding recommendation! Seek the advice of a monetary advisor.
Prime crypto by market cap:
Most profitable corporations measured by market cap:
2017 crypto snapshot:
2014 crypto snapshot:
FinCEN proposed regulation:
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