Hoarding money on exchanges is the only thing you can do with cryptocurrency aside from buying jpegs and maybe (if you're lucky) drugs. E.g. https://www.nber.o

Hoarding money on exchanges is the only thing you can do with cryptocurrency aside from buying jpegs and maybe (if you're lucky) drugs. E.g. https://www.nber.org/papers/w29396 https://www.nber.org/papers/w29396 points out that only 10% of bitcoin transactions are economically meaningful and only 2.5% do not involve an exchange.