Why Bitcoin shouldn’t be compared to companies or payment systems

A site that lists the most popular cryptocurrencies sorted by market cap is now at around number 300 on the list of most visited web sites, world wide. The term market cap has traditionally been used for the total value of all outstanding shares of a company but was eagerly adopted by the crypto community. This also lead to the value of Bitcoin being compared to the value of companies.

Before Bitcoin nobody except nerdy economists talked about the total value of a currency and few of us would be able to make a good…