So quick math. Bitcoin is a $1.6TB market valuation. $2.1B represents around .1%... | Hacker News

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		bb88 on March 29, 2021 \| parent \| context \| favorite \| on: Ray Dalio: ‘Good probability’ the U.S. will outlaw... So quick math. Bitcoin is a $1.6TB market valuation. $2.1B represents around .1% of that value. So the total capitalization dropped $160B when someone removed $2.1B in value? That is a multiplier of 80 times. And you're saying that's pretty good?

phroobster on March 30, 2021 [–]

A huge number of assets would drop similarly if you unloaded .1% of their entire market cap in one day. I’d say BTC recovered fairly well from that sale.

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