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Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B

(www.marketwatch.com)
189 points aorloff | 5 comments | 04 Jul 25 18:41 UTC | HN request time: 0.729s | source
1. ProllyInfamous ◴[05 Jul 25 03:23 UTC] No.44469891[source]▶
Trivia: there are only five publicly-traded companies with marketcaps larger than bitcoin's:

nVidia Microsoft Apple Amazon Google

BTC's marketcap is also larger than all the silver in the world...

replies(3): >>44469949 #>>44469986 #>>44470509 #
2. wredcoll ◴[05 Jul 25 03:44 UTC] No.44469949[source]▶
Wait til you see the market cap of the shitcoin I just released!
3. dsp_person ◴[05 Jul 25 03:55 UTC] No.44469986[source]▶
Just a hair under google, it crossed earlier this week I think. This list is fun to look at https://8marketcap.com
replies(1): >>44470139 #
4. FabHK ◴[05 Jul 25 06:27 UTC] No.44470509[source]▶
Though their market cap is somewhat meaningful, and reflective of some value created (flawed as that measure may be). Unlike Bitcoin.
replies(1): >>44471282 #
5. globular-toast ◴[05 Jul 25 09:10 UTC] No.44471282[source]▶
Bitcoin (capital B) is valuable. An individual BTC is not, but that's true of any currency. We can argue until the cows come home about how valuable these things really are. Speculation in these markets makes it too difficult to judge. People will bet on these things not because they are delivering lots of value to us right now or in the future, but just because they think they'll still be around in the future. That gives monopolists like the ones above the advantage, regardless of value delivered.