The amount of "significance" isn't a question of the portion of the total "market cap" for the cryptocurrency but rather the portion of the personal holdings.

The amount of "significance" isn't a question of the portion of the total "market cap" for the cryptocurrency but rather the portion of the personal holdings. There are a lot of people who have put a few thousand dollars that they couldn't really afford to lose on the promise that this was the future of money and that they needed to get in on the ground level. https://www.theguardian.com/technology/2022/nov/19/the-money-is-gone-people-who-lost-out-in-ftxs-collapse https://www.theguardian.com/technology/2022/nov/19/the-money... > ‘A lot of us feel cheated’ William, a construction site manager from California, was woken by a text from friends about potential trouble at FTX in the early hours of 8 November. At the time, the 40-year-old had about $85,000 of fiat currencies on the exchange, plus three bitcoins worth about $55,000 and about $10k in other altcoins - a significant chunk of his assets. Bitcoin and other crypto currencies are not the domain of the millionaires and billionaires. Yes, these people are speculators - but they're ordinary people with incomes much closer to the median than likely you or I.