Rapmaster2000: Warren Buffet said he wouldn't buy all the crypto in the world for $10.

Buffet was not exagerrating, it does absolutely make literal sense.

If you or I were able to literally obtain ownership of all existing crypto overnight, what would happen? Well, since crypto actually produces NOTHING, and is based on NOTHING, and is backed by NOTHING, why would even a single person in the world continue to want to buy into our crypto if we owned it all? It would be way easier, and cost almost nothing, for others to just start another 1000 crypto brands in no time at all, none of which we would have any ownership in, much less a monopoly.

A complete monopoly in crypto would be instantly worthless, in the same way creating a new currency in your basement and being the only owner of said currency would be worthless.

Now, imagine that instead of all owing all the existing deregulated crypto, somebody owned all the tech sector stocks. One person owning all those stocks would never result in the value instantly going to zero, would never result in complete loss of interest in those stocks by investors. WHY? Its because stocks are based on brick and mortar businesses and patents that have underlying VALUE and make MONEY.

You can't just replace an existing company's brick-and-mortar holding and patents, without huge sums of money. But any ol' crypto bro can create a "new" deregulated crypto product with no money, and almost no time required.

Why would anybody put money into something that has literally nothing supporting its value?