This story was originally published on HackerNoon at: https://hackernoon.com/fungible. This essay covers Sharpe World, the fungibility of capital, and the budding currency war between China and Japan. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptohayes, #cryptocurrency, #cryptocurrency-investment, #cryptomarket, #economics, #hackernoon-top-story, #foreign-exchange, #good-company, #hackernoon-es, #hackernoon-hi, #hackernoon-zh, #hackernoon-vi, #hackernoon-fr, #hackernoon-pt, #hackernoon-ja, and more. This story was written by: @cryptohayes. Learn more about this writer by checking @cryptohayes's about page, and for more stories, please visit hackernoon.com. The current market setup reminded me of the summer of 2015. The Bitcoin price hovered around $200 for what seemed like an eternity. From August 2015, the price of Bitcoin sparked a rally in China’s interest for Bitcoin. I believe something similar could happen in 2023. Rather than handing out free money to rich people who hold assets, the most influential retail buyers shifted from China to the US.