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Armando Pantoja

๐Ÿ‘ค Speaker
632 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

Now, market cap was put on cryptocurrency from the stock market and other assets, but it's not a true representation of the entire value of a cryptocurrency.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

A market cap, for those who don't know, is the price of a unit of something times the available supply.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

Now you get a price and that's what they call the market cap.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

And we use those to compare against other assets to see if it can go here or go there or whatever, you know, just comparison.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

But crypto is a different, a whole different thing.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

And we use these traditional metric to try to say, you know, the market cap restricts XRP from getting to 10,000, but the market cap is not a true representation because money flows into crypto a lot differently.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

The market cap is not a representation of money flow into crypto.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

It's only a representation of what it's worth.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

So a lot less money has to flow in the XRP to push the price up to well past, you know, $10, $15.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

It doesn't have to be a trillion dollars.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

It has to be, you know, a few billion over a few weeks.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

It will push it over $10, $15 a quarter.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

Wow, just from a few billion?

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

Yeah, over a shorter period of time, though.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

Got it.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

You know, it's not to double the market cap.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

You don't have to put another, you know, $300 billion in.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

It doesn't work like that.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

You only got to put like $10, $5, $10 billion in a short period of time.

Digital Social Hour
Armando Pantoja: Did AI Secretly Create Bitcoin? | DSH #1501

And it's like, I give people an example.