This is horseshit analysis of an intriguing concept. Markets create wealth out of thin air and can destroy wealth with nothing to show for it. A lot of analys

This is horseshit analysis of an intriguing concept. Markets create wealth out of thin air and can destroy wealth with nothing to show for it. A lot of analysis of cryptocurrencies, stock markets and commodities wrongly assumes that if an asset's value increases $1 billion, then $1 billion more was purchased than sold. But assets aren't bank accounts that store flows of money. Stuff is only worth what people will trade for it, so markets routinely create and destroy wealth independent of the money flows.