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I think a label like "currency" attempts to oversimply bitcoin. There is obviously a bigger speculative component to it than most currencies. "Investment" may n
by elif 11y ago
I 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.