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Re:Cryptocurreny retailer BitPrime closes trading after runn... by IAmEveryone on Wednesday May 11, 2022 @10:09PM (#31348414)
$ 1.2 trillion, or 6 % of US GDP p. a., according to coinmarketcap.com

I guess it was about 10 % at some point not too long ago?

Re:Cryptocurreny retailer BitPrime closes trading after runn... by mikeyouse on Thursday May 12, 2022 @11:32AM (#31355645)
Nah. As posted elsewhere, "Market cap" is a nonsense term in the crypto world, just utterly meaningless. I could create a new coin right now, call it MarketCapCoin, with an initial mint of 1 billion MCCs. If someone buys 0.01 MCCs for $10, that would mean the "market cap" of my shitcoin was $1 trillion. Does my stupid shitcoin represent 6% of US GDP? Of course not. There's no liquidity or economic value, it's just cosplaying with a spreadsheet.