Not usually a fan of these market caps but $1.19 trillion deserves a bit of appreciation.

A trillion always felt like the kind of astronomical number that was reserved for the biggest of the big. Trillion is what's used to talk about entire economies. Entire countries worth of assets. It's the last seriously named number before you get to scientific notation.

How is it possible that M0 will be #1 at only $303k/BTC? The dollar is surely more than that 5x as important as bitcoin. Guess that's why I'm not such a fan of market caps and why other things like velocity and denominated assets come into play.

Still, imagine being further down the list. What do you Swiss or Indian think?

what does M0 mean exactly?