Technically we have 19 million BTC in existence but who knows how much is actually being traded on exchanges. If they are using paper Bitcoin then the cap doesn't have that much value.
Technically we have 19 million BTC in existence but who knows how much is actually being traded on exchanges. If they are using paper Bitcoin then the cap doesn't have that much value.
That's not a situation where exchanges can win.
The volatility of crypto is too high.
Eventually every single exchange that does it will go bankrupt.
Most do after a single bear market.
It also ignores up and coming DEX tech.
We already seen what happens when exchanges get run like fractional reserves.
There is very little wiggle room in crypto.
And that's because of the cap, and on-chain data.