Re:Is This the End of Crypto?
by danans on Thursday November 17, 2022 @01:18PM
(#33643189)
> In other words, almost 95% of global currency volume is speculation. Why would anyone use currencies that are mainly used for speculation?
Much of that trading volume, speculative or not supports the international trade of real goods and services and hedges currency risk for large international companies [1]. The same cannot be said of Bitcoin, which does provide the same utility.
Much of that trading volume, speculative or not supports the international trade of real goods and services and hedges currency risk for large international companies [1]. The same cannot be said of Bitcoin, which does provide the same utility.
https://www.federalreserve.gov/econres/notes/feds-notes/the-...