I can't even fathom how much of a sheltered zoomer you would have to be to think 1 in 10 or even 1 in 20 people in the world owns cryptocurrency. Get out more or grow up.
Thinking of selling here...
Chase Adams
Levi Baker
sure there is it cant go below zero, every other asset class can
Sebastian Lewis
Instead of trading on feeling, how about you run some numbers doucebag. ~20M Coinbase accounts ~32M Bitcoin addresses, ~35M Ethereum addreses. Go source the data for the other exchanges and realize that addresses =/ people. I geniunely hope you sell, and trade your emotions. Only the few who do the homework get the reward.
Mason Hall
brainlet detected.
>what is a finite supply
Brayden Perry
crypto mcap 150 bil.
Stocks mcap 70 trillion. Muh everyone already owns crypto.
Wyatt Jenkins
>coinbase is the only exchange
most of the buying came from SEA. coinbase is mostly Americans.
Bentley Perez
5% sounds believable if you count everyone who holds like 10 bucks worth of dust
Thomas Reyes
Crypto will go bull once the wannabe elites who bought bitcoin when it was 100-1000 bucks finally sell.
Joseph Johnson
crypto's are currencies not stocks. They don't pay out dividends or give shareholder rights. A more valid comparison would be to compare bitcoin with the USD.
>$10.5 trillion in existence, using the M2 money supply definition.
>bitcoin was $300 bill mcap at peak
That means bitcoin was worth 3% of the USD; A currency that is backed by the most powerful nation in the world, dominates economic activity, is accepted as legal tender by >300 million people, is available at nearly every airport or post office in the world, and has a literal fucking military behind it.
Bentley Hall
Except that's not an anectdote. It's math.