Interestingly some ppl confuse market cap with the value of a single unit of account. Happens in shitcoins too.
yeah, this really has no informational value unless we know what the supply is, or in the case of national currencies, what their purchase value is in the national economy. Otherwise this is just a convention. When a country that went through hyperinflation a few years back cuts six 0's from their currency, this changes absolutely nothing in its actual value, it just saves them some ink on printing bills.
reply