Billions of air.. Do meme currencies create a global financial illusion? #MemeCoinsSeason
What does the $100 bill mean without people believing in it more than just a piece of paper with special drawings and pictures, and what about a kilo of gold, and what is the difference between it and a kilo of iron or copper? Can you eat gold or paper? 💡🔥
1- Money is just electronic data 💡🔥
Iron and copper may have many more uses than gold, but nothing is higher than gold as an imaginary value in the minds of people created by the economic and social system over the years. 💡🔥
Most of the money today is nothing more than electronic data, as the total amount of money in the world is about 80 trillion dollars, but the total amount of coins and banknotes or all minted money does not exceed 5 trillion dollars, and the remaining about 75 trillion dollars are only in bank accounts and computer servers, according to the "World Population Review" platform. This means that all this huge money is just an illusion in our minds. 💡🔥
This is about money in general, so what about cryptocurrencies, especially meme coins (Memecoins) that have no real existence at all except in the imagination of some people and computer servers. 💡🔥
Don't forget to follow to receive all the new, thank you ✅️