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BTC is the price of an Apple share

9 pointsby cheeyoonleeover 11 years ago

1 comment

objclxtover 11 years ago
I feel compelled to point out that comparing share price alone is <i>terribly, horribly wrong</i>.<p>To illustrate, the phrase &quot;BTC is the price of an Apple share&quot; could, by some people, be taken to mean &quot;BitCoin is worth more than Apple&quot;. In reality, the BitCoin market cap right now is $6 billion, and Apple&#x27;s is $472 billion.<p>Comparing shares (and, by extension, the value of BTC) on price alone is worse than useless. Unfortunately many people insist on doing it, especially (at least it seems to me) in the US (which I guess makes sense, since the Dow Jones is weighted not on market cap, but share price, an equally nonsensical way of doing things).
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