But the aggregate value of crypto is comparable to the US currency in circulatio... | Hacker News

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		peter303 on Aug 24, 2021 \| parent \| context \| favorite \| on: EU to make Bitcoin traceable, ban anonymous crypto... But the aggregate value of crypto is comparable to the US currency in circulation: two trillion. https://futurism.com/the-byte/cryptocurrency-worth-more-than... Crypto has a muchlower velocity of trading than currency.

user-the-name on Aug 24, 2021 [–]

Crypto "market cap" is a complete fiction. Only the tiniest fraction of that value actually exists in any form.

As you say, crypto has a much lower velocity of trading than currency. That is the hint.

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