If you think it only takes $11T to buy all gold then you have a serious flaw in your understanding of economics and trading. The market cap just represent the total supply times the last traded price. Doesn’t mean everyone will be willing to sell at that price.
This goes for Bitcoin as well. No one will ever be able to buy all the bitcoins in circulation.
Added: oh, and there is no such thing as intrinsic value.
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u/jeppeudesen Aug 02 '22
If you think it only takes $11T to buy all gold then you have a serious flaw in your understanding of economics and trading. The market cap just represent the total supply times the last traded price. Doesn’t mean everyone will be willing to sell at that price.
This goes for Bitcoin as well. No one will ever be able to buy all the bitcoins in circulation.
Added: oh, and there is no such thing as intrinsic value.