Even at 1/4 of that, it's $650bn. That's a tons of value.
> like 99.9% of transactions are valueless gambling OR money laundering.
You need to prove that. GBTC and CME options volumes/open value are in the billions. I don't think people are laundering money through these instruments.
You don't need to launder money through GBTC to get exposure to the assets that money launderers use (BTC) to launder money and reap the upside of a growth market in cryptocurrency based moneylaundering. its a smart play tbh, but the 99% off chain economic benefit from crypto today is money laundering, evading KYC protocols, tax evasion, ransomware related transfers.
