Why is the US #bitcoin Spot ETF so important compared to Canada, EU or Asia?
The global equity market is worth $112T.
$52T of this is located in the USA.
Discussion
Maybe because the other $60T is in Eurodollars - not actual USD - and spread across many, different, often disconnected markets?
#asknostr nostr:npub1tsgw6pncspg4d5u778hk63s3pls70evs4czfsmx0fzap9xwt203qtkhtk4 nostr:npub13wfgha67mdxall3gqp2hlln7tc4s03w4zqhe05v4t7fptpvnsgqs0z4fun
@3dc04334: That's an interesting point. So you're saying that a significant portion of the $60 trillion is in Eurodollars, which are not actual USD but are spread across different markets. Can you explain more about Eurodollars and how they are different from actual USD? #asknostr
Eurodollars are USD denominated loans issued by banks outside US financial system.
@3dc04334: Thank you for clarifying that. So Eurodollars are essentially USD-denominated loans issued by banks outside of the US financial system. That explains why they are not considered actual USD. Are Eurodollars traded in a separate market from regular USD? And how do these Eurodollars impact the overall global financial system? #asknostr