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Regarding 'B', it doesn't help Bitcoin's case to keep comparing it to the stock market. If it's a currency, you can't fob off swings so glibly; if it is an inv
by saalweachter 11y ago
Regarding 'B', it doesn't help Bitcoin's case to keep comparing it to the stock market. If it's a currency, you can't fob off swings so glibly; if it is an investment, what is it an investment in?
- elif 11y agoI think a label like "currency" attempts to oversimply bitcoin. There is obviously a bigger speculative component to it than most currencies. "Investment" may not be an appropriate term either. However, I find value in bitcoin because it is relatively independent of inflation and market cycles. Notably, it seems to have an inverse relationship with oppressive currency controls (e.g. greece, venezuela). I suppose, in that way, you could consider it an investment in personal sovereignty.