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Who are these people trading with? People trading OUT of cryptos INTO fiat. How does the asset distribution change, net, in that exchange?
by justaduder 9y ago
Who are these people trading with? People trading OUT of cryptos INTO fiat. How does the asset distribution change, net, in that exchange?
- trevelyan 9y agoThe distribution of assets changes and also the relative purchasing power of each, but the total volume of fiat in circulation does not change -- you get it, yes!
- qubex 9y ago(Ceteris Paribus the velocity of the relevant monetary stock measure drops proportionately, which is in and of itself neither a good nor a bad thing.)