Of course not, that's a weird statement. One small thing like Crytos will turn the United States into a 3rd world country. The crypto market cap is like 500 million, and it's spread all around the world, and the market cap it's not really based on 500 billion, but what the last person paid for the coin. So if somebody paid $2 for a shit coin that sells for .00001 penny, bringing it's marketcap into the billions, it doesn't mean that billions of dollars has gone into said coin.
Really good way of saying it, in my opinion.
Crypto lacks a *lot* of liquidity right now, and a lot of the lower cap coins can almost completely be discounted. Given a few thousand dollars worth of bitbean, (as an example), you could dump, and make the price tank really hard.
I'm sure it would end up recovering, somewhat. But you aren't going to get anywhere remotely close to the 13 million dollar market cap that is listed on CMC, before the coin is completely worthless, and no one wants it.
US Stocks total market cap ~25 trillion, say.
Crypto total market cap ~290 billion.
So now I guess all crypto has to do is multiply itself by 1000, and then it will match the stocks of the US.
Another 25 trillion in land value of the USA.
Isn't our net worth like 123 trillion?
Yeah. Good luck with that pipe dream about crypto beating the USA up.
For every overzealous patriot flag waving, there's foreign idiots who don't have a clue about anything.