Ethereum Will Bypass Bitcoin in Market Cap Says Union Square’s Fred Wilson (opens in new tab)

(trustnodes.com)

16 pointsAndrew_Quentin8y ago4 comments

4 comments

And Market Cap is an indicator of what exactly? I am pro-crypto but this whole obsession with Market Cap is rather self-defeating.

Number of merchants accepting is an important thing to consider.

It's how much value the currency holds. It's a barometer of collective trust in the asset.

surpass, not bypass.

j / k navigate · click thread line to collapse

And Market Cap is an indicator of what exactly? I am pro-crypto but this whole obsession with Market Cap is rather self-defeating.

Number of merchants accepting is an important thing to consider.

It's how much value the currency holds. It's a barometer of collective trust in the asset.

surpass, not bypass.

j / k navigate · click thread line to collapse