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