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RE: Overvaluation and cryptocurrencies

in #ethereum7 years ago

Crypto markets might be overvalued but, comparing traditional companies to cryptocurreny and decentralized applications is not apples to apples. Visa and Master Card together have a market cap of about $370 billion but, you cannot simply compare this to bitcoin's market cap. Bitcoin is more than a payment processor and represents a store of value in addition to the actual utility of cheap, fast, and secure payments.