A lot of it is fake money. (Score 4, Interesting)

There's a significant amount of wash trading and fake money pumping up the prices of cryptocurrencies and Bitcoin. A marketcap of 175 billion doesn't mean people bought 175 billion worth of cryptos. With 10 million dollars you can increase the market cap of Bitcoin by over 2 billion dollars, and we have at least 320 million dollars of fake money. https://medium.com/@bitfinexed...