The crypto market has been showing some sign of potential bounce back lately, but this then struck me, where did all those money go? If you notice, almost all the digital asset investment sector has been down price, from the crypto to the stock to the shares, so where did all that money go? When bitcoin and the rest of the crypto market was going down in value, people started withdrawing their money and funds from crypto, we started seeing the Whale bot report showing lots of wallets dumping their crypto holdings.
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But the main question still remains, where did all that money go to? The stock market was down, crypto market was down and other markets were down, people didn’t consider keeping their money in the bank for obvious inflation reasons. Were people keeping this money in the bank? Well, this is still one of the biggest conspiracy I am yet to get the answer. Except they all left their money in StableCoin because during the bear season, StableCoins dominated the crypto list this year, we had StableCoins like USDT, USDC and BUSD stay on the top 10 crypto. I guess this is where all the money went to.
The next Bull run I will have to be more attentive to the market and the crypto list, to see where these StableCoins will be at. I think during the Bull run these people will be converting their StableCoins back to crypto and that will have us back in order I guess. But if the money in cryptocurrency were converted into StableCoins why is the crypto market cap still down by $2 Trillion. We would have been having a market cap of $3 Trillion but most of it will be in StableCoins, but unfortunately the money has not been in StableCoins, it’s been outside crypto, which brings me back to the same question, where did all that money go?
Could we say they were invested in NFTs, how is that possible? I’m just kidding, it’s just my brain trying to figure where all that went to. Or did they leave it in their houses as pure cash or bought some precious gems and metals with it? Who knows? But the value of gold and silver didn’t pump? Or may be they bought diamonds with it?
