Former Google and Facebook executives: BTC's true market capitalization may be more than 75%

According to Bitcoinist news, on August 6, former Google and Facebook executives, Avichal Garg, who currently runs cryptocurrency asset management company Electric Capital, said on social media that the standard method of measuring the market capitalization of bitcoin is flawed. The source of data for calculating market capitalization, especially CMC, cites thousands of cryptocurrencies, including those that have no liquidity at all. He believes that this cryptocurrency data is not related to calculations, thus diluting the real market capitalization of Bitcoin. He said: "The real market value of BTC may be more than 75%, and it may have been more than 60% for a long time."