Sure but cash is held in banks and banks lend that out to be reinvested elsewhere (this investment channel is moderated by central banks). Not so with cryptocoins, it's just pure accumulation of tokens.
> The people who have $10 Trillion in gold savings beg to differ.
Well this is why I said it's dangerous if this becomes a trend. Gold has been tamed. After disastrous episodes, people have learned the lesson and businesses don't keep too much on their balance sheet. As far as I know, Tesla doesn't own 1.5 billions in gold. If they did, and this became a trend, gold might become dangerous to the economy too.
