Think of how many people’s retirement account owns Apple shares directly / indirectly. With Apple having $100b in cash, some portion of their valuation reflects that fact.
So perhaps, Apple would be worth N% less if it just distributed all the cash tomorrow back to shareholders, correct?
The point I’m making is that, the owners of the shares now own more valuable shares and thus benefit. The guy who is 95 leaves on his will that his favorite charity should get his Apple shares.
Now there’s a very real example that counters your “hoarding” claims on the assumption that no one benefits from their savings.
Not only that, Apple doesn’t keep the cash in a basement with dragons. But you’ve thought that one out I’m auree
There is a growing market for loans using crypto as collateral.
Using crypto to transact frees up the added financial costs required for charities, non profits , and regular businesses to thrive.
Well this is why I said it's dangerous if this becomes a trend. Gold has been tamed. After disastrous episodes, people have learned the lesson and businesses don't keep too much on their balance sheet. As far as I know, Tesla doesn't own 1.5 billions in gold. If they did, and this became a trend, gold might become dangerous to the economy too.