The Crypto Cleansing
Paul RosenbergA few months ago, as I was having a conversation with another crypto advocate, these words escaped my lips: "I hate to say it, but maybe we need a price crash." As I said them, I had a slightly sick feeling of "Be careful what you wish for."
How much in cryptocurrency is traded daily? More than $50 billion - http://markets.businessinsider.com/currencies/news/daily-cryptocurrency-volumes-vs-stock-market-volumes-2017-12-1011680451. How much currency is traded worldwide daily? From $3 trillion to more than $5 trillion - http://www.businessinsider.com/heres-how-much-currency-is-traded-every-day-2016-9?r=UK&IR=T and https://www.reuters.com/article/global-forex-volumes/daily-fx-trade-more-like-3-trillion-than-5-cls-idUSL5N1GK1F5. Crypto is like the proverbial drop in a bucket.