[runeks]

> #Bitcoin has a market cap of $680 billion dollars.

> If 1% of it is invested in El Salvador, that would increase our GDP by 25%.

You can’t invest market cap. It’s just a figure you arrive at by multiplying two numbers: number of currency units/price per currency unit. It doesn’t exist anywhere.

If I found a pebble on the beach and sold it to someone for 10 cents, and if we assume there are a trillion pebbles on this planet, then the market cap of pebbles would be $100 billion. But you wouldn’t be able to use this “value” anywhere, because it doesn’t exist.

[chrisco255]

No, market cap is determined by liquidity in a marketplace. So if there is a pebble market, you can make a claim as to the size of that market. Gold happens to be a very shiny pebble that has a $10T plus market cap. That figure is based on a guess of how many ounces of gold there are in circulation (not including not-as-of-yet mined gold buried in Earth's crust) multiplied by spot price.

Agreed you can't invest marketcap. But could you attract $6.8B worth of economic activity into a country based on recognizing a new asset class and encouraging the development of that asset class in the country? I would argue that yes, yes you could.