BTC is "$90k USD$", but in reality nobody buys for 90k USD$, they buy with 90k USDT. So how much did they really pay for that BTC?
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Hypothesis H10026
BTC is "$90k USD$", but in reality nobody buys for 90k USD$, they buy with 90k USDT. So how much did they pay for the BTC in reality? How did they get those 90k USDT? Yes, some bought it 5 minutess ago with a credit card in USD$, but most didn't. Most had 90k USDT in their wallet (prop traders, market makers etc). And how did they get that? Did they actually pay 90k USD$ for those 90k USDT? (= no they didn't)