Hacker News new | ask | show | jobs
by joaogfarias 2004 days ago
If you think the project makes sense, I would suggest hold into it.

Bitcoin has a market cap of ~472 billion dollars. The amount of dollars in circulation is on the magnitude of hundreds of trillions.

Therefore, it's still way too undervalued.

https://howmuch.net/articles/worlds-money-in-perspective-201...

(Note: "Very old chart", but the idea is the same)

1 comments

I do think the real circulating supply is lower (Lost wallet, Seized wallets) therefore the real market cap is lower. About valuation, you cannot compare a company which gives investors dividends/buyback vs a currency only used for holding and trading.