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Goldman Sachs trades at an ETH-equivalent market cap of ~$250BGoldman Sachs has a P/S* ratio of ~4xCould GS ever trade at a ~1,000x P/S ratio for over a year?UnlikelyMaybe digital commodities are structurally different* The chart uses fees since BTC has no revenue https://t.co/Vkwdyk9Ty7 ...