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by quickthrowman
1547 days ago
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AMZN had $8B of shares traded today. Just under $2B of BTC traded hands across the major exchanges on Wednesday. AMZN is a single ticker, there’s several orders of magnitude more liquidity in equities alone than all cryptocurrency combined. $34B of SPY shares traded today, and that’s a single ETF. > That also assumes everyone could cash out at ~3275, but the reality is if selling pressure is higher than the buy side demand that selling shares will drive the price down as buyers would be able to continually bid lower. Eventually it would reach ~0 share price and effectively a 0 market cap. This is wildly inaccurate. |
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