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if you were curious who buys it
(lemmy.ml)
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this post was submitted on 20 Sep 2024
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Bωockchain
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They'll have to sell too eventually, not much you can do with Bitcoin.
good point
They can buy a shit tons of drugs
but if you follow that trail it ends in 'real' money.
say you buy 1kg of coke for 1BTC, that seller then has to sell that Bitcoin for Dollars or whatever their actual currency is. The end effect is the same, crypto goes into exchange, someone else is hopefully willing to hold it for Dollars, price goes down.