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A comment on The mother of all crashes is coming and it won’t be fun. Parent comment

Re:The mother of all crashes is coming and it won’t be fun by lifeisstillgood on Sunday December 19, 2021 @06:30PM (#29619681)
Yeah, but... There are only 21M BTC ever going to be mined, and at something like 20/40/60K (wild price fluctuations this year) all of those accounts cannot have "fuck you money" in them. It's probably a power law so most people holding BTC don't have even one coin.

So ... it just feels like a sizeable but still very small minority.

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Re:The mother of all crashes is coming and it won’t be fun by wallacoloo on Sunday December 19, 2021 @10:14PM (#29621196)
i imagine most market holdings follow power laws. or is the stock market different in this way because of more widespread pensions/retirement accounts?

either way, a $2T crypto market (i don't know where GP got $3T from: CoinMarketCap.com lists 2.2T) is substantially smaller than a $50T stock market. Governments can and have just straight up injected that demand equivalent in value to that $2T figure into markets in the past, so if we have a crash localized to crypto, it's not as though govts have no recourse.

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