“market cap to invested capital is not a 1:1 ratio.
Fundstrat did some research on this in the 2018 bull and found that the ratio of price increase to actual dollars added was closer to 20:1. IE 20$ of additional mkt cap for every 1$ invested in bitcoin (on average).” from @npub1x89n94f6mqgre90r9wv3vurnkzqgcw9397zz4yy4p8|n8mh7zkvq3esm56
Whoops I meant #[4]
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If we follow this line of thinking then Saylor is responsible for 15.2% of all Bitcoin purchases with $4B spent. this could be horribly wrong so please correct me if I am off base here 😂
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