Comment on Global cryptocurrency “market cap” exceeds “US” currency in circulationparentComments−jollybean5yA better question to ask is 'why it has meaning'.Money supply has meaning because it's money in circulation.If I print 1000 'Buddy Dollars' and sell one to a friend for $1000, it doesn't really mean that I have $1M in Buddy Dollars.It might be helpful to compare the amount of USD spent on goods and services vs. the amount of Crypto spent on goods and services.
Comments
A better question to ask is 'why it has meaning'.
Money supply has meaning because it's money in circulation.
If I print 1000 'Buddy Dollars' and sell one to a friend for $1000, it doesn't really mean that I have $1M in Buddy Dollars.
It might be helpful to compare the amount of USD spent on goods and services vs. the amount of Crypto spent on goods and services.