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A comment on Global cryptocurrency “market cap” exceeds “US” currency in circulation. Parent comment
Money supply has meaning because it's money in circulation.
If I print 1000 'Buddy Dollars' and sell one to a friend for $1000, it doesn't really mean that I have $1M in Buddy Dollars.
It might be helpful to compare the amount of USD spent on goods and services vs. the amount of Crypto spent on goods and services.
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Money supply has meaning because it's money in circulation.
If I print 1000 'Buddy Dollars' and sell one to a friend for $1000, it doesn't really mean that I have $1M in Buddy Dollars.
It might be helpful to compare the amount of USD spent on goods and services vs. the amount of Crypto spent on goods and services.