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Bitcoin “market cap” is not a meaningful measure...
I literally see no difference between an ICO and a direct listing.
I don’t understand this comparison. It’s like comparing apples to screwdrivers.
Bitcoin is a currency so it would make sense it’s bigger than a bank.
This makes no sense.
Isn’t the relevant comparison the ‘market cap’ (wrong term but let’s stick with it) of fiat currencies?
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html
Looks like Bitcoin has some catching up to do before it approaches the UAE Dirham.