Using current values from
http://coinmarketcap.com/ We have ..
41 Billion MCAP for BitCoin with ~16.3 million coins or ~45% of Total Crypto Market Value
51 Billion MCAP for ALL Alt Coins or ~55% of Total Crypto Market Value ..
Since all ALT Coins are convertible to BitCoin via trading pairs on the various exchanges
The current $51 Billion ALT Coin MCAP implies that there are ~20.4 million additional BitCoins
to satisfy conversions ..
16.3 million BitCoin
20.4 million BitCoin equivalents via ALT Coins
36.7 million BitCoins equivalent for total Crypto Market Cap ..
Since there will ( presumably ) never be more than 21 million BitCoins in existence
how does the market reconcile the above amounts/values ??
Clearly, we can't convert the majority of ALT Coins due to BitCoin supply ..
What did I miss in Economics 101 ??
Triff ..