quote author=EarnOnVictor link=topic=5499581.msg64201899#msg64201899 date=1718180106]
I think before you guys write in support of what you read online, especially the social media handles like X (formerly Twitter) you should first verify the claim so that you are not writing nonsense. I don't know how you can prove what you wrote in favour of Bitcoin here and I do not know why you guys can't just let Bitcoin be and stop comparing it with everything. It was all about the Gold comparison before, however, with some true support from unbiased people to prove Gold's supremacy overall, such comparison has subsided but seems shifted to other things like the world's bank. This is laughable.
Well, if you must know, only JP Morgan Chase bank will buy the whole of Bitcoin almost 3 times over. The bank is worth $4 Trillion dollars according to their official report, with $303B in shares and $3.7T in assets.
Do you still have something to say about this?
I think before you write, you have quoted the image with a bit of reseach about that. The actual market cap of BTC was really higher than of those thanks to upcoming bull run and the effect of halving and its demand. It's not that hard to prove, you guys talk about the assets of these banks and they can be a different category. I'm not sure why you're not happy when you guys are preaching to buy Bitcoin and then some folks over the internet shares some encouragement on how far is Bitcoin is now based on its market capitalization and thinks that this is a comparison where it's just a visualization of their market caps. Anyway, the message from me is just about people who are still doubting Bitcoin and how big it is and the opportunity that they're missing while they can see it.
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I of course read it well before I replied to you and also researched very well in addition to what I knew already before making my contribution which refuted what you wrongly claimed. Also, why should I add the image when the gist on it is also replicated in the writing here? I don't know the difference it will make when it is even directly butressing the title in the OP, which of course is not correct.
Besides, it is laughable for you to say we should stop ascribing the worth of a company to its assets. If I may ask you, what does an asset mean? Is it not a worth? If JP Morgan Chase bank is sold today, the valuation will be based on its worth which includes its asset, or do you think otherwise? Just like Bitcoin if all of it were sold today, it is the market capitalization that is its worth because it is a liquid asset. This liquid asset is not even as reliable as a physical asset which JP Morgan Chase has in abundance.
So, it can't be a heretic claim by the bank to have $3.7T worth of asset and $303B shares holding. If it is even the shares holding you are alleging, it would have been better, but saying their asset is not contributory to their worth can only prove you don't even know how worth is being valuated.