Before crypto, I couldn't comprehend the magnitude of large numbers. In my mid-20s: 1.8B market cap token? Is that a lot?" Compared to what? My anchor numbers I 'understood' were 5 meal, 300 rent, 1 ice cream. 1M felt like infinite wealth. 100M+? Just "crazy lots of money." And $500m? A billion? 10 billion? A WHOLE TRILLION? Our brains suck at magnitudes beyond lived experience. I had no scale to anchor it. The picture below visualizes the magnitude. Now, the MC of DOGE is 36B. What does this number mean to you? In comparison, the GDP of Iceland is 31B. El Salvador - 34B. GDP measures annual output, market cap is speculative value. Imperfect comparison, but shocking for scale. Ralph Lauren clothing company MC is 18B, and Ford is $45b, 'just' 9B more than DOGE. Putting a meme coin beside Ford feels... absurd? Well, #BTC market cap 2.3 trillion is the same size of GDP as Italy, and larger than Canada, Brazil, or Russia. Bitcoin overtook Alphabet (Google), Meta, and Silver! Now, I see everything through crypto MC: Norway's 2T wealth fund ~= Bitcoin's market cap. Is BTC overvalued, or is Norway just insanely rich? UK raised £12.1B in CGT? That's the market cap of HYPE - a token with just a few tens of thousands of holders. --- Anyway, crypto industry is well aware of this Scope Insensitivity or large number numbness: You'll see retail degens dreaming of XRP hitting 10. At 10 USD, XRP FDV would hit 1 trillion (half the BTC) but they think BTC at 120 000 USD is 'expensive'. Many don't even know you can buy a fraction of BTC. That's why bitcoiners push to price BTC in sats. Seeing BTC at 120 000 feels 'expensive' yet seeing it at 0.12M on a Bloomberg terminal shows growth potential. --- By any traditional measures, crypto looks expensive. Adjusting for liquidity (cashing out 36B DOGE) shows our huge paper wealth. The comparisons force perspective. And I see numbers trough crypto market caps. Anyway, GM, and have a nice Sunday.(Ignas | DeFi)