BTC may be grossly overvalued. When all the coins are mined there will be 21,000,000 BTC in circulation. But there won’t, 20% are already lost forever, and more and more will continue to be lost. This isn’t like the gold and rum barrels lost at the bottom of the ocean in sunken pirate ships, that is just difficult to get to. When BTC is lost it is truly lost, rule it out because it’s never coming back. But for some reason everyone in the space treats it as if it’s in circulation. Today BTC market cap is just below $800,000,000,000. How do you work out market cap? (circulating supply * price =…
