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by AaronFriel
1942 days ago
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Market cap is not a meaningful measure of a currency. A better measure is the velocity of money within a currency. For context, just one part of the US economy is the stock market. The Depository Trust & Clearing Corporation (DTCC) which came up in the news recently processed $2.15 quadrillion in securities in 2019. The 30 day average for estimated transactions in Bitcoin is around 5-6 billion, or still around 1/1000th just one art of the US economy's transaction volume. At 5 transactions per second, the average transaction size would have to be around $1,268,2308 to equal the velocity of just one portion of one sector of the US economy. 5 transactions per second is actually higher than the average transaction throughput over the past several years. |
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