The Edited Latecomer’s Guide to Crypto
The article (or, rather, the commentary in the link above on the article) talks about the fallacious notion of &quot;market cap&quot; in regards to cryptocurrencies. That is to say, e.g., multiplying the number of bitcoins in existence times the current market price is a silly metric because the entire market would never be able to cash-out at that maximum price.<p>What I was wondering was: is there a better number? e.g., is there a way to calculate the amount of USD put <i>into</i> a cryptocurrency across a timeframe? What I&#x27;m imagining is a metric like (sum of all bitcoins bought by USD purchase price) - (sum of all bitcoins sold by USD sale price) = amount of USD that has been put &quot;into&quot; bitcoin. That first glance, one might expect this number to equal zero, but it should be greater than zero because of the new coins created by mining.