Armando Pantoja
๐ค SpeakerAppearances Over Time
Podcast Appearances
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.
A market cap, for those who don't know, is the price of a unit of something times the available supply.
Now you get a price and that's what they call the market cap.
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.
But crypto is a different, a whole different thing.
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.
The market cap is not a representation of money flow into crypto.
It's only a representation of what it's worth.
So a lot less money has to flow in the XRP to push the price up to well past, you know, $10, $15.
It doesn't have to be a trillion dollars.
It has to be, you know, a few billion over a few weeks.
It will push it over $10, $15 a quarter.
Wow, just from a few billion?
Yeah, over a shorter period of time, though.
Got it.
You know, it's not to double the market cap.
You don't have to put another, you know, $300 billion in.
It doesn't work like that.
You only got to put like $10, $5, $10 billion in a short period of time.
And it's like, I give people an example.