All assets have market caps, the money contained within each asset. I think of things like the density of a market cap, meaning how hard did the person that acquired the asset work for it AND how much do they believe in the asset, what’s their conviction in the asset. This is what gives the market cap its depth, its density. Without the energy density you have a bubble. you have something that people have purchased with money they don’t care about and they don’t really care about the thing they purchased.

#Bitcoin may not have one of the largest market caps yet, but I guarantee you it has one of the densest. Many sats earned with serious blood, sweat and tears and the conviction of bitcoiners is second to none.