You are viewing a single comment's thread from:

RE: Even at their recent peak, the CryptoAssets combined global market value was less than 1% of Global GDP. In comparison, just prior to the global financial crisis, the notional value of Credit Default Swaps was 100% of Global GDP..!!

Less than 0.5% of the global GDP huh.. Wonder why all the fuss about cryptoassets having an influence in illicit activities.. To an extent of banning them. Clearly this small percentage of the GDP shows these coins haven't got to a level of being massively traded for illegal products and services. At the moment it's the dollars mostly financing illegal activities.. And if the governments don't get themselves together to find a solution for currency financing illicit activities, then the public will continue getting doomed by the effects of these illicit activities.