From what understand, money doesn’t just disappear. When you’re at a poker table playing, the sum of money everyone started with is the same at the end(when someone loses $100, other(s) gain $100). If I sell you a crypto for $100 and it drops to $0, I would still have your $100. In this case, wouldn’t someone/some groups of people get all the money that is currently being lost?
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The value of money you held is lost. If a country A takes over country B the money of country B now holds no value. The currency is deemed void by the country taking over. In crypto the value is more of hype or people’s interest. Government not allowing to trade in crypto peoples interest is lost value of the crypto is lost. You still hold the crypto its just its trade in dollars or other currency will not get you as much when it was very hyped
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