Why £1 still buys more than $1, a crypto native guide to the least intuitive chart on Earth
If you have ever landed in London, opened your banking app, and felt that tiny jolt of disbelief, you are not alone.
One pound shows up as more than one dollar, again, and it feels wrong in the same way a meme coin with eight decimals feels wrong. The U.S. is bigger, the dollar runs the pipes of global finance, half the world prices stuff in USD, so why does a single unit of GBP still “cost” more than a single unit of USD.
The first thing to get out of the way is the thing crypto people are trained to care about, unit price.
In crypto, the unit matters because the unit is tied to supply, and supply is tied to market cap, and market cap is the rough proxy people use for “how big is this thing.” A token at $1 with a trillion supply…
