Global cryptocurrency “market cap” exceeds “US” currency in circulation

Re:Global cryptocurrency “market cap” exceeds “US” currency ... by swader999 on Monday May 03, 2021 @03:30PM (#27029629)

Market cap is a strange way to frame crypto. Would you ever talk about market cap of USD or the pound? Transaction volume, unique addresses, stock to flow are more useful.

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Re:Global cryptocurrency “market cap” exceeds “US” currency ... by sb057 on Monday May 03, 2021 @03:36PM (#27029700)

Money supply is a functional equivalent of market cap and is a rather common economic measure.

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Re:Global cryptocurrency “market cap” exceeds “US” currency ... by NovemberWhiskey on Monday May 03, 2021 @05:02PM (#27030596)

This really just seems like an odd statement to me.

The market cap of just the S&P 500, which is denominated in U.S. dollars, is over $30tn, which is 50% more than the M2 money supply of U.S. dollars.

So, explain to me again how these things should meaningfully be compared?

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Re:Global cryptocurrency “market cap” exceeds “US” currency ... by johnvanommen on Monday May 03, 2021 @03:36PM (#27029697)

Money supply is possibly the number one metric that I use to evaluate investments.

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Re:Global cryptocurrency “market cap” exceeds “US” currency ... by skystarman on Monday May 03, 2021 @03:41PM (#27029758)

The vast majority of people who buy bitcoin are using it as an "investment" so market cap makes sense here.

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