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It certainly does have unique characteristics. The question for speculators is whether those characteristics imply a high future price, and on what time scale.
by akimball 5y ago
It certainly does have unique characteristics. The question for speculators is whether those characteristics imply a high future price, and on what time scale. There is ample data to make many principled inferences on these points. The question for adopters is whether those characteristics facilitate their intended application, and this will often be decided independently of market clearing prices, on technical and physical characteristics.