I hear a lot of people comparing cryptocurrency market caps to company market caps. "Ripple's market cap is higher's than Goldman Sachs!" You mentioned in your video that this was a legitimate way to check if a coin is overvalued. While I agree with you in that every single coin is overvalued in this market, do you think the comparison is accurate? To me coin market caps represent the value of the economy that the cryptocurrency revolves around, not the value of the company/organization that created the crypto asset.

Take for instance Publica (https://coinmarketcap.com/currencies/publica/). They've done nothing and they have a market cap of ~35M, so definitely overvalued. But what they're really doing is trying to create a whole publishing economy of its own. If they succeeded, don't you think the market cap would be much higher?