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by arcticbull 1378 days ago
Thats exactly why market cap is a bad metric - it does not encode market depth (how much you can actually sell before the price moves) or velocity (how many units are changing hands in the wild in a given period).

Worst of all, currencies do not have market caps - equities do. Market caps are measured in currencies.

1 comments

Ding ding. You found the point.