News for hackers. Stuff that matters.

A comment on Global cryptocurrency “market cap” exceeds “US” currency in circulation. Parent comment

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.
[ Parent | on HN ]
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?

[ Parent | on HN ]