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Thanks for sharing your comments. You raise an important issue when you say “bitcoin is a currency with a real value.” We could say the same about thew U.S. dollar and gold. What gives them “value?” Because there is a consensus an acceptance that these are mediums of exchange. But to take gold as an example, besides things like jewelry, it’s hard to describe what the real “value” is. I’d argue the same goes for bitcoin. Yes, it appears to be much more “accepted” today than say seven years ago, and it will probably be seven years from now. But there’s a chance it won’t be.

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Stephen Foerster
Stephen Foerster

Written by Stephen Foerster

I’m an award-winning author and Finance prof, CFA. I write stories about investing and investment history. (I don’t give financial advice.)

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