Lies that Bitcoin and Altcoin users tell themselves

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The formula for market capitalization is simple, but deceiving: multiply the number of Bitcoin (or any altcoin) in existence by the market value of such a coin, and voila! A number that represents…what, exactly?

As I write this, Bitcoin’s market cap is over a quarter of a trillion dollars. That doesn’t mean, however, that there’s a bucket with that much cash in it under a rainbow somewhere, ready to be divvied up amongst all the lucky leprechaun-seekers holding Bitcoin.

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