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Something like $50-$100B in bitcoin is traded every day. It's not the NYSE but that is pretty liquid in my opinion.
by nightski 6y ago
Something like $50-$100B in bitcoin is traded every day. It's not the NYSE but that is pretty liquid in my opinion.
- graeme 6y agoThe bulk of that is stablecoins though, of dubious backing. You couldn’t cash out billions in dollars.
- camjohnson26 6y agoI agree with your point, also worth remembering that much of crypto trading is wash trading, but the point stands that if you bought crypto in the past 10 years you almost certainly can sell it all today at the market price.
- jcpham2 6y agoMy down payment on the new mortgage I'm taking out at the bank is not wash trading. Whether you believe something has value or not doesn't matter. Velocity and liquidity matter. No Satoshi can't sell his billions in a day but he can milk the market for millions daily. The market is that mature _today_