News for hackers. Stuff that matters.

A comment on Does the $2T crypto loss balance out the $2T money supply expansion?.

Re:Does the $2T crypto loss balance out the $2T money supply... by quickthrowman on Wednesday January 11, 2023 @03:57PM (#34344644)
There is very little real liquidity in cryptocurrency, there was never $2T of it to begin with. I’d be surprised if people put more than 1-2% of $2T of actual USD into cryptocurrency.

The answer to your question is “No.”

As a contrast, around $500B of US Treasury bonds trade every. single. day, and they’re all made with real currency

[ Parent | on HN ]

There are no comments on this comment yet.