Founder of crypto lender Celsius Network arrested, charged with fraud

Re:Founder of crypto lender Celsius Network arrested, charge... by esperent on Friday July 14, 2023 @10:21AM (#36724410)

Here's my source, what's yours?

https://www.investopedia.com/tech/how-much-worlds-money-bitc...

Although this is using data from when Bitcoin was worth 50k.

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Re:Founder of crypto lender Celsius Network arrested, charge... by Closi on Friday July 14, 2023 @11:17AM (#36725208)

https://river.com/learn/how-much-worlds-money-in-bitcoin

Also the article you posted very specifically says that the market cap of cryptos is equivalent to 7% of the narrow money supply (not the full money supply, and NOT that crypto currently makes up about 7% of the world's money supply). Doesn't make sense to compare non-narrow with narrow IMO - i.e. you need to include ALL assets with the same liquidity.

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Re:Founder of crypto lender Celsius Network arrested, charge... by esperent on Friday July 14, 2023 @07:10PM (#36731173)

Ok, thanks for the feedback. Do you think my points are still valid under this less extreme scenario?

Let's assume a 25x - 50x increase of the value of all crypto in a 5-10 year time span.

What percentage of all relevant assets would that make up? And would it be enough to destabilize world economies enough for governments to take action?

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