Re:Crypto dominoes fall in the wake of FTX's collapse
by chadash on Thursday November 17, 2022 @03:38PM
(#33645315)
> There would be a buyer willing to absorb all of it at some level, but it's likely at a level far lower than the current market cap.
For crypto, no one would want to buy the entirety of bitcoin, because it basically has no value if it isn't traded, so it's effectively worth $0 if someone owns all of it.
For companies, this isn't necessarily true. When acquisitions happen, the current market cap is usually the floor, not the ceiling. I agree with your overall point though.
For crypto, no one would want to buy the entirety of bitcoin, because it basically has no value if it isn't traded, so it's effectively worth $0 if someone owns all of it.
For companies, this isn't necessarily true. When acquisitions happen, the current market cap is usually the floor, not the ceiling. I agree with your overall point though.