I'd really be interested to see the volume of forex vs. circulation. My intuition is that many more dollars trade hands every day for speculation than purchases, but I could be wrong.
That's a different kind of speculation mind , but I'd be curious to see the numbers. I don't think you're correct.
Also you don't want to hold dollars because unlike bitcoin they're inflationary and decrease in value over time - a necessary attribute for something to work well as a currency and one reason among many why cryto thus far is a failure as a currency.
Crypto is closest to gold in that both are scarce commodities used as a store of value. It's a terrible investment though. Warren Buffett made an interesting comparison between all the gold mined in history vs all the farmland in the US and which is a better investment over time.
Also you don't want to hold dollars because unlike bitcoin they're inflationary and decrease in value over time - a necessary attribute for something to work well as a currency and one reason among many why cryto thus far is a failure as a currency.
Crypto is closest to gold in that both are scarce commodities used as a store of value. It's a terrible investment though. Warren Buffett made an interesting comparison between all the gold mined in history vs all the farmland in the US and which is a better investment over time.