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Isn't market cap a completely irrelevant metric for bitcoin? Saying there are ~19M bitcoin made and each is worth 100k for a 1.9tr market cap completely ignores lost coins, available supply and erroneously leads people to believe there is "1.9trn" invested in bitcoin. The price is a function of available supply and current demand. That's all. I find market cap as a metric completely irrelevant. Am I wrong?
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