Alan Watts, the well-known British philosopher, says, 'Money is just a symbolic tool invented by humans to represent value, and it has no real or intrinsic existence.'
Watts points out that money relies on mutual trust between people. This trust is not in the coins or the paper itself, but in the economic and social system that supports it. For example, the dollar or gold has no intrinsic value, but we believe in their value because we all share this story.
What does a $100 bill mean without people's belief in it, more than just a piece of paper with special drawings and images? What about a kilogram of gold, and what is the difference between it and a kilogram 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 surpasses gold as an imagined value in the minds of humans created by the economic and social system over the years.
According to Watts, money or gold is merely a legend like other legends that humanity has believed in for thousands of years, and it primarily relies on shared human imagination. Money depends on our ability to believe in what has no real physical existence. This collective belief is what makes the global financial system stable.
To illustrate this, most money today is nothing more than electronic data. The total amount of money in the world is about $80 trillion, but the total amount of coins and banknotes or all minted money does not exceed $5 trillion, while the remaining $75 trillion exists only in bank accounts and computer servers, according to the "World Population Review" platform. This means that all this enormous money is just an illusion in our minds.
This is about money in general; how about cryptocurrencies, especially meme coins that have no real existence except in the imagination of some humans and computer servers.

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Economy
Trump's coin and its 'meme' siblings... the illusion of billions
Trump's coin earned $10 billion within just two days of its launch (Getty)
Mohammad Sanajlah
1/26/2025
Alan Watts, the well-known British philosopher, says, 'Money is just a symbolic tool invented by humans to represent value, and it has no real or intrinsic existence.'
Watts points out that money relies on mutual trust between people. This trust is not in the coins or the paper itself, but in the economic and social system that supports it. For example, the dollar or gold has no intrinsic value, but we believe in their value because we all share this story.
What does a $100 bill mean without people's belief in it, more than just a piece of paper with special drawings and images? What about a kilogram of gold, and what is the difference between it and a kilogram 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 surpasses gold as an imagined value in the minds of humans created by the economic and social system over the years.
According to Watts, money or gold is merely a legend like other legends that humanity has believed in for thousands of years, and it primarily relies on shared human imagination. Money depends on our ability to believe in what has no real physical existence. This collective belief is what makes the global financial system stable.
To illustrate this, most money today is nothing more than electronic data. The total amount of money in the world is about $80 trillion, but the total amount of coins and banknotes or all minted money does not exceed $5 trillion, while the remaining $75 trillion exists only in bank accounts and computer servers, according to the "World Population Review" platform. This means that all this enormous money is just an illusion in our minds.
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This is about money in general; how about cryptocurrencies, especially meme coins that have no real existence except in the imagination of some humans and computer servers.
Outdoor photo of creating an image of Donald Trump and Bitcoin; Shutterstock ID 2572216527; purchase_order: aj; job: ; client: ; other: ; is_generated: true
U.S. President Donald Trump has become a major supporter of cryptocurrencies (Shutterstock)
2- Trump's coin earns $10 billion in just two days
The launch of U.S. President Donald Trump’s cryptocurrency 'Trump $' has sparked widespread reactions, and this coin achieved astronomical profits within days of its launch, reaching a market value of over $10 billion.
And the questions that may arise in the reader's mind are many,$BNB