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 “fake value” stuff is true, but it’s not the only thing. People are making money by exploiting the crypto market, including me, using things like [DeFi liquidity farming](https://midas.investments?p=0223) wherein essentially people pay ridiculous amounts in order to prop up their new cryptocurrency in the hopes that they’ll make it big and get a huge return, while platforms like the previously linked Midas take the cash and give it to their users in USDC. It’s pretty fun watching crypto go to shit while I continue to make money off it hand over fist.
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