Ethereum Will Bypass Bitcoin in Market Cap Says Union Square’s Fred Wilson

curiousgal wrote: post #2

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.

Re: Ethereum Will Bypass Bitcoin in Market Cap Says Union Square’s Fred Wilson

#5

Post by washedup » Fri, May 19, 2017, 5:48 AM UTC

curiousgal wrote: post #2

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

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