I think one would have to factor in how much of the population is actually personally involved in that, the rich hold a large majority of all the money and wealth [1] and the amounts of money they move are lightyears away from the amount of money an "average" person uses for everything their daily life encompasses.
A rich person can move more money than whole towns combined. We are left with the question: Which one does better reflect the "actual" usage of money? 2-3 rich people doing speculations or thousands of "regular" people (living expenses, entertainment, work supplies etc.) with way less money?
Compared to that there is the problem that something like bitcoin is actively harmful towards practical usage due to the extremely high transaction cost, slow transactions, volatility, absolute lack of privacy, extremely high energy cost (that already surpasses whole countries with only very few people using it).
A rich person can move more money than whole towns combined. We are left with the question: Which one does better reflect the "actual" usage of money? 2-3 rich people doing speculations or thousands of "regular" people (living expenses, entertainment, work supplies etc.) with way less money?
Compared to that there is the problem that something like bitcoin is actively harmful towards practical usage due to the extremely high transaction cost, slow transactions, volatility, absolute lack of privacy, extremely high energy cost (that already surpasses whole countries with only very few people using it).
[1]: https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...