The following post by CryptoCam17 is being replicated because the post has been silently removed and some comments within it have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7on3mi The original post's content was as follows:
08-22 16:17 - 'Pay 0.99 BTC today, get 99 BTC within 16 hours Pay 5 BTC today, Get 500 BTC In 24 till 48 Hour Multiply Bitcoins Grow Your Bitcoins [link]' by /u/growingincome removed from /r/Bitcoin within 22-27min
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Bitcoin Market Cap - why does no one seem to account for the alleged 4 billion lost Bitcoins?
So obviously Bitcoin market cap is calculated by multiplying Bitcoins currently in existence and current Bitcoin price General consensus is that current Bitcoin market cap is around 200 billion, seeing as 18.5 million bitcoins have been mined and current price is roughly 10,500 per BTC. But supposedly 4 million Bitcoins have been lost and are unrecoverable, which should make the current outstanding number of Bitcoins ~14.5 million which, when multiplied by $10,500, gives us a market cap closer to 150 billion. This seems to be a significant enough discrepancy that it would be worth noting, but no one quotes the market cap accordingly. Why is this?
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