> Crypto wallets changing hands is a non-event for prices.
Surely the point was more: "Why doesn't the obvious risk events like this represent affect the price of the commodity?"
I mean, at this point I have to believe that the likelihood of a given dollar-equivalent of crypto currencies being stolen is much, much higher that it is for literal paper money. And paper is uniformly considered too risky to use as an asset.
It's insanity. This is the way bubbles look before they pop. I can't tell you when it'll happen, but it'll happen.
Surely the point was more: "Why doesn't the obvious risk events like this represent affect the price of the commodity?"
I mean, at this point I have to believe that the likelihood of a given dollar-equivalent of crypto currencies being stolen is much, much higher that it is for literal paper money. And paper is uniformly considered too risky to use as an asset.
It's insanity. This is the way bubbles look before they pop. I can't tell you when it'll happen, but it'll happen.