you underestimated BB's real marketcap. BB only released 13.4% of its total coins so far. Its marketcap for the 13.4% of coins is 10,000 btc. It means that its overall marketcap for all its coins is 74,626 btc (10,000/13.4%), about $74 millions.
Not true my friend.
Do you calculate BTC marketcap by multiplying coin price with Circulating Supply or 21 million?
Totally different. Future bitcoins don't exist and are to be mined during the next decades.
Byteball are already created and distribution is the "prince's will". They all will be distributed in 18 months.
The money supply already exists.
Please read my reply to zanzibar.
Anyone can choose the best math for his own interest or point of view, but the wiser or experimented trader will easily acknowledge that future BTC are not even created and far from being created (decades), there is no uncertainty and at this stage it won't trigger a massive dump and distribution.
Conversely, the wiser will anticipate that 87 % of Byteball are going to be distributed in a matter of months, and that the whole current marketcap is highly linked to the coins left to be issued, not the coins already issued ! When 75% are issued, in about a year, the marketcap, based on issued coins, will be more relevant.
But hey, it is Iota thread !