Could you please source for me the $51b claim?
Do you agree the nominal market cap of all crypto is currently estimated around $3-3.5T?
So that would imply daily volume of 15x+ the entire market cap?
Just wanting to confirm facts here.
Do you agree the nominal market cap of all crypto is currently estimated around $3-3.5T?
So that would imply daily volume of 15x+ the entire market cap?
Just wanting to confirm facts here.
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And btw, I said $51 TRILLION. Not billion.
What am I not seeing? Thanks for the help.
But yeah, $38b today. 519k coins moved on a higher volume day like Dec 5th, so around $52b.
My point is, this open protocol settles larger amounts than most countries, it's hard to assign any majority of it to crime.
Sorry but it’s not anything but a digital collectible. The adoption of it is not accelerating. It is not going to replace anything. It’s just another speculative asset in a bull market bubble that has been going on since 2010.
Nvidia's daily volume today was $227 million, and around $91 billion this year.
Even small companies can trade in $10B+ a day when the stock is being high frequency traded.
All of this is moot. Bitcoin’s lack of volume isn’t the issue. The lack of adoption for any widespread use is the issue.