Quote:
Originally Posted by Huggles
Does this mean anything to you? I don't understand it.
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There is NOT $69 trillion of real money in crypto longs
For perspective:
Entire Bitcoin market cap at $48,000 would be under $1 trillion.
Entire crypto market cap is only a few trillion.
Total U.S. GDP is about $27 trillion.
Global stock market cap is ~ $100+ trillion.
So $69 trillion in Bitcoin longs is impossible in real capital terms.