Crytic cross word

The combined market cap of all cryptocurrencies is currently $753 billion, soon to be a trillion.

That’s well short of GDP of the US, which is around $18.5 billion.

Nevertheless where did all that US currency come from and where did it go to?

I’d say that mostly it came from dormant bank accounts earning next to no interest.

And it’s been transferred to a handful of people that have created or exploited the cryptocurrency boom.

So, in effect, it’s been transferred from low yield bank accounts to the Cayman islands, from where it might be reinvested in real estate, Apple shares, and the odd VC and sovereign fund (not that these low yield activities need more capital). And also some of it might be spent on luxury items.

I guess all that cash is just inferred resources.