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You are splitting hairs here. When people say that Apple is sitting on cash obviously they do not mean that they have 250 billion in one current bank account.
by 21 8y ago
You are splitting hairs here. When people say that Apple is sitting on cash obviously they do not mean that they have 250 billion in one current bank account.
- simias 8y agoBut that's a very important distinction don't you think? Actually even having money stagnant in a bank account does somewhat contribute to the economy because of fractional reserve banking. On the other hand having bitcoins buried in a bunker contributes absolutely nothing.