For me thats 650 billion$ that will eventually come back and driver further more new money into crypto whenever this bear cycle ends... It shows just a small piece of the potential of this market... It certainly hurts being this low, but its the only way of really growing...
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I wish that were the case. Unfortunately a good chunk of that went to governments via taxes. Exchanges are paying massive taxes now as they become regulated and compliant. I would say at least 30% of that money is gone forever. Gonna take new billions coming in to push us back.