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A comment on Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional. Parent comment

Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by smokeyj on Sunday December 17, 2017 @10:25PM (#15949176)
So the market cap is you. This doesn’t apply to bitcoin.
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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by charlesdm on Monday December 18, 2017 @04:45AM (#15950536)
Maybe. But if an institution were to accumulate $1bn of Bitcoin through exchanges, I'm pretty sure that would drive up the market cap a lot more than $1bn.
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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by mitchellberry on Monday December 18, 2017 @06:25AM (#15950903)
What's the difference between that and the same company buying a pennystock?

This is how markets work.

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