[csomar]

Even at 1/4 of that, it's $650bn. That's a tons of value.

> like 99.9% of transactions are valueless gambling OR money laundering.

You need to prove that. GBTC and CME options volumes/open value are in the billions. I don't think people are laundering money through these instruments.

[0xB31B1B]

You don't need to launder money through GBTC to get exposure to the assets that money launderers use (BTC) to launder money and reap the upside of a growth market in cryptocurrency based moneylaundering. its a smart play tbh, but the 99% off chain economic benefit from crypto today is money laundering, evading KYC protocols, tax evasion, ransomware related transfers.

[terafo]

> 99% off chain economic benefit from crypto today is money laundering, evading KYC protocols, tax evasion, ransomware related transfers

You still need to prove that though.

[0xB31B1B]

No, you need to prove the off chain economic use cases. The well known use cases are all illicit.