It was never lost. For everyone who lost $100 in crypto, someone else is up $100. An interesting question is whether the new USD holders are less likely to spe

It was never lost. For everyone who lost $100 in crypto, someone else is up $100. An interesting question is whether the new USD holders are less likely to spend the money. If so that is a bit like a reduction in money supply but hard to quantify. The only sinkhole is mining costs but that money ends up with chip manufacturers and electric suppliers etc.