Post
Topic
Board Economics
Re: Bitcoin vs Uber
by
bitcool
on 12/06/2014, 16:12:11 UTC
Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh

What exactly would be wrong with that?
Here is a hint:

Market cap is the collectively assigned value of an investment item by all market participants.

To mankind, the value of cryptocurrency should be 10s, 100s, if not 1000s times bigger than a taxi app, not a 46%.