Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
You might want to look up what immaterial means. You are very wrong in your assertion due to this misconception. You cannot hold a bitcoin in your hand because it is immaterial.
Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
Also, Crypto does not equal Bitcoin.
You might want to look up what immaterial means. You are very wrong in your assertion due to this misconception. You cannot hold a bitcoin in your hand because it is immaterial.
All crypto is immaterial.
Fiat currency is immaterial. So much so that it can literally be created out of thin air.