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I'm a huge crypto bear, but the Fed Balance sheet is still way to big for the entire space to go to zero. Where would all the money go? SPX X 2, hyperinflatio
by jgalt212 4y ago
I'm a huge crypto bear, but the Fed Balance sheet is still way to big for the entire space to go to zero. Where would all the money go? SPX X 2, hyperinflation?
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
- deleted 4y ago[deleted]
- zen21 4y agoCrypto isn’t money. The money has already changed hands when people speculated on the tokens. If anything, wiping crypto off the books will be deflationary to real currencies.
- acchow 4y agoCan you elaborate? How does crypto going to zero create money that has to go somewhere? How does crypto dropping in value in any way create money that needs to go somewhere? I think you have things backwards...
- antoniuschan99 4y agoMainstream media is saying it’s pretty much a bankrun. So massive amount of outflows (from everyones wallets on the exchange) is also what tanked the token?
- danrocks 4y agoNowhere. Just like Sequoia's $240m investment - it's just marked down to $0.
- adammarples 4y agoThere would still be the same amount of dollars, there would still be the same amount of crypto. Just nobody would want to swap dollars for crypto any more.