NewsMV
Elon Musk's personal net worth has reached $1.4 trillion, surpassing the total market capitalization of $BTC, according to BeInCrypto.
The milestone puts a single individual's paper wealth above the aggregate value of the world's largest cryptocurrency by market cap — a comparison that is striking precisely because of the very different things being measured.
What the Comparison Actually Means Net worth and market capitalization are not the same animal.
A market cap is the price of one coin multiplied by coins in circulation — a number that moves every second and reflects the last marginal trade, not the liquidation value of the entire float.
Keep reading