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0 pointsjejeyyy772y ago0 comments

Eh? The fact that people have exchanged trillions of “real” dollars for them means precisely that’s what they are worth lol.

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the_gastropod2y ago

That is not how market cap works.

I start a company: SquidSoft, LLC. I sell you equity: 0.000000001% of SquidSoft, LLC for $1. Bam, SquidSoft, LLC’s market cap is $1T even though only $1 has traded hands.

lottin2y ago

Market cap is meaningless. Using market cap as a metric anyone can become the richest person in the world. See here: https://www.youtube.com/shorts/igENXZRECOs

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