“Actual money grows in quantity/availability due to economic activity, while crypto just appears out of nowhere.”
I think you should amend that to say that “money SHOULD grow in quantity/availability due to economic activity”. That’s not how it actually happens in the real world much of the time. If we need $10 trillion more to fund some foolish whim of Congress, then the money simply appears, and no additional economic activity is necessary.
Also, comparing crypto to currency is foolish. Crypto is not a currency, it’s an asset. It may be an asset at the level of, say, a Beanie Baby, but it’s an asset nonetheless.
If we need $10 trillion more to fund some foolish whim of Congress, then the money simply appears, and no additional economic activity is necessary.
No, it's borrowed, it doesn't simply appear. Period. And it's foolish to call crypto an asset, it's no more an asset than an expired lotto ticket that didn't have the right numbers. A Beanie Baby isn't an asset, it's a collectible.