Quote:
Originally Posted by Winsor_Pilates
Maybe I'm not understanding this, what do you mean?
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Crypto is not real its a made up digital currency created to fix issues with the system but because its not really backed by anything physical. So lets take Dino7c for example lets say he holds crypto valued at 5 million dollars, for him to get that money someone has to buy it so Bitcoin didn't generate his wealth someone buying it with their wealth did so it was basically transferred. That said though you can buy goods and services with crypto as a currency so I feel that is starting to change.
I was thinking about this last week and the lines are starting to blur between crypto and fiat currencies which with the rate the value of crypto is going up has to be contributing to inflation somehow.
Edit: Its far more nuanced than this and always changing but this should basically explain it.