1 day ago · The crypto investment firm and hedge fund Pantera Capital says new numbers indicate PayPal is now buying % of all new Bitcoin entering the market. In a new market report, Pantera CEO Dan Morehead tracks the amount of BTC being purchased on itBit, the Paxos-owned crypto exchange powering PayPal’s Bitcoin ecosystem. Nov 06, · Doubleline Capital's CEO, the billionaire "bond king" Jeffrey Gundlach, has predicted that the stock market is going to "crack pretty hard." While he is bearish on the stock market and long-term. Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price.
Bitcoin capital marketFirst Bitcoin Capital Market Cap | BITCF
Imagine there is a spectrum of assets where the descriptive variable is how much the asset depends on the dollar for its valuation. Treasury bonds are at one end of the spectrum with cryptocurrencies at the other.
In between, there are assets such as dry cleaners only interacting with dollars to multinational corporations earning various currencies around the world. Bitcoin does not rely on dollar denominated cash flows or assets for its being. This is different from its relationship to the dollar in terms of pricing versus the dollar but that is why it has currency qualities.
While the host was focused on volatility of price, his conclusion that currencies do not have large moves suggests a short time frame with large heavily traded sovereign issued fiat currencies. There may come a day when no one defines them as currency when the printing of paper becomes an exercise in portraits of dead presidents rather than a medium of exchange. Various counties have had their currencies significantly devalue without much spillover effect; it will be different with the dollar.
As the reserve currency in the central banks of the emerging markets, the dollar will significantly impact those currencies as well.
While the collapse of the Venezuelan currency could have been significantly hedged by owning almost any other currency or an asset denominated in such currency, a significant devaluation of the dollar makes all of the fiat currencies suspect and the emerging market currencies worthless. Returning to the spectrum, we wish to review the same spectrum after a significant devaluation in the dollar. The correlation to the dollar with other global currencies pushes the multinational companies much closer to the position of Treasury bonds, the dry cleaner is already adjacent in placement to them.
There continues to be a shift of all assets except cryptocurrency to the dollar side of the continuum as fortunes correlated to the dollar contract in value sharply. The price of Bitcoin is volatile. But does that mean you should ignore crypto? Are we living in a post-truth world? Burke and John talk about investigative reporting and of course the controversial political intrigue surrounding Hunter Biden, the Texas lawsuit, and of course Betting On Zero.
With guest Matt Tyrmand. Markets rallied hard in November. Where does the puck go next? Sign in. Free Trial Sign In. First Bitcoin Capital Market Cap. Export Data. Save Image. Print Image. For advanced charting, view our full-featured Fundamental Chart.
Historical Market Cap Data View and export this data going back to Start your Free Trial. Export Data Date Range:. Data for this Date Range. There is no data for the selected date range. Market Capitalization Definition Market Capitalization measures the total value of a company based on their stock price multiplied by the shares outstanding.