worth – Is cash that has gone into bitcoin already spent?


As @RedGrittyBrick says, change the phrase “bitcoin” to “euros” and see if that helps you. All currencies work this fashion, not simply cryptos:

Is cash that has gone into euros already spent? After I purchase a euro from somebody they usually get USD I get euro. They go purchase lambos or actual property for his or her features. So the underlying foreign money is spent, however euro market cap is elevated. This could imply that euros do not even have any actual cash in them they usually may collapse with out backside mainly. Is that this logic appropriate or is actual actually foreign money as worth behind euros?

And somebody in Europe most likely has the very same query about USD.

All currencies are essentially nugatory. Aside from issues like gold, which you should utilize to plate the contacts {of electrical} switches, cash, which may used as paperweights, and paper notes/payments, which can be utilized as rest room paper.

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