How Sats Stack Up
Here’s how sats stack up to banks, tech firms, and others in our world:
HOW SATS STACK UP: COMPARING THE MILESTONE $335B BITCOIN MARKET CAP
The leading cryptocurrency by market cap in just a few short months has grown from under $10,000 to over $18,000 at the local high but stopped short of setting a new record above $20,000. At the same time, the asset’s total market cap – a measure of money invested into the asset – has set a new record for the highest valuation ever.
A company’s market cap in the traditional finance world is comprised of the total amount of shares multiplied by the price per share. Crypto works similarly with the market cap reflecting the price per coin multiplied by the current circulating supply.
Because new BTC is slowly trickled into the market through a process called mining, which sustains the Bitcoin network and ensures incentive to keep it in operation, the market cap can grow even when the price per coin hasn’t.