Discussion Ask HN: What is a good way to think about the market cap of a cryptocurrency? Since Bitcoin forked into Bitcoin and Bitcoin Cash, I have been thinking about cryptocurrencies again.Bitcoin Cash has a market cap of about 9 billion meanwhile. That's in the same ballpark as for example Porsche.But what does that mean?The market cap of a company is pretty easy to explain. It is the expected sum of all future earnings discounted for inflation.What would be an equivalent way to explain the market cap of a currency? 7 points TekMol 9 years ago 6 comments
Bitcoin Cash has a market cap of about 9 billion meanwhile. That's in the same ballpark as for example Porsche.
But what does that mean?
The market cap of a company is pretty easy to explain. It is the expected sum of all future earnings discounted for inflation.
What would be an equivalent way to explain the market cap of a currency?