Re:Does the $2T crypto loss balance out the $2T money supply...
by quickthrower2 on Wednesday January 11, 2023 @08:41PM
(#34347940)
It was never lost. For everyone who lost $100 in crypto, someone else is up $100.
An interesting question is whether the new USD holders are less likely to spend the money. If so that is a bit like a reduction in money supply but hard to quantify.
The only sinkhole is mining costs but that money ends up with chip manufacturers and electric suppliers etc.
An interesting question is whether the new USD holders are less likely to spend the money. If so that is a bit like a reduction in money supply but hard to quantify.
The only sinkhole is mining costs but that money ends up with chip manufacturers and electric suppliers etc.