Important point from the other thread:
Not all US$7.5B (that's "B", not "M") were pumped out o the system since not all BTC were in the market traded, but significant amount was sold and fiat withdrawn from the system, which would not be possible without disturbing demand/supply balance. Price going down made some people seriously rich. Almost "B" rich.
A year ago the 12.64M BTC mined were worth US$10.55B. Today, the 13.74B BTC mined are worth less than US$3B.
Not all US$7.5B (that's "B", not "M") were pumped out o the system since not all BTC were in the market traded, but significant amount was sold and fiat withdrawn from the system, which would not be possible without disturbing demand/supply balance. Price going down made some people seriously rich. Almost "B" rich.
this is a very important point to remember ... the bitcoin economy has exported a large percentage of its wealth into fiat (and crypto ventures) last year, the question is how much of that will come flowing back into when they realise they will be better treated in bitcoin.
The default ltrained-from-birth behaviour of going into fiat to seek security is an irrational pavlovian response ... few more bankster busts, central bank bombshells in the currency wars and bail-ins will be needed to shock the sheeple out of their bad old fiat ways.