$67,285,852,182 market cap. That's how the sense is made.
How is that number calculated?
The actual market rate is only determined by active users who send a buy order though an exchange. If there's no demand, the price instantly tanks to 0 in a few seconds - the exchanges guarantee nothing.
What's the demand behind BTC? Speculators?
What happens when the speculators cash out because something better comes along?
> What happens when the speculators cash out because something better comes along?
It'll crash super hard but I still think this is fine metric.
Same as the stock market.
It's the notion of what is stable here that's novel and interesting