Really, money go to miners and traiders who obviously spend them for goods, services, land, etc. The trick is that the network is highly distributed, so there are no any large entity that could collect and hold most of fiat.

Even if initial goal of crypto was malicious, it quickly run out of control. Now you could see only meaningless attempts to regulate all that madness by laws, prohibition and other stuff. They even began to use crypto for money laundering using ransomware hoax as excuse. That is the only profit they finally got. And TPTB themselves got nothing, really, They don't need money laundering, because they print the money, so they can't even use it for something useful for them. And they can't switch off internet, since it is their main propaganda device now. Also interesting that none of cryptocurrencies created by financial entities gain any popularity. It is clearly out of control. And that's good. This proof-of-concept showed amasing results even with all flaws and problems. Now we could study all mistakes of first cryptocurrencies and create something much more useable, versatile and flawless.

Meanwhile, cryptocurrency system could be not only a mean of exchange, but also a mean of information exchange - messenger, social network, file storage, anything. If you combine all that in one thing, you will get an self-sustainable undestructible system that is completely free of any government or corporation control where every participant get some real profit for keeping system running. Next generation of crypto with high probability will be based on proof-of-networking, unlike modern systems based on proof-of-work or proof-of-storage. That will solve most problems with current generation of crypto and it will be much more useable as a replacement of ordinary currency.

Really, money go to miners and traiders who obviously spend them for goods, services, land, etc. The trick is that the network is highly distributed, so there are no any large entity that could collect and hold most of fiat.

Even if initial goal of crypto was malicious, it quickly run out of control. Now you could see only meningless attempts to regulate all that madness by laws, prohibition and other stuff. Also interesting that none of cryptocurrencies created by financial entities gain any popularity. It is clearly out of control. And that's good. Now we could study all mistakes of first cryptocurrencies and create something much more useable, versatile and flawless.

Meanwhile, cryptocurrency system could be not only a mean of exchange, but also a mean of information exchange - messenger, social network, file storage, anything. If you combine all that in one thing, you will get an self-sustainable undestructible system that is completely free of any government or corporation control where every participant get some real profit for keeping system running. Next generation of crypto with high probability will be based on proof-of-networking, unlike modern systems based on proof-of-work or proof-of-storage. That will solve most problems with current generation of crypto and it will be much more useable as a replacement of ordinary currency.