tradfi are classifying bitcoin as its own asset class. this is obviously right, it has its own unique set of properties compared to other securities. it's not a currency, but it is a defacto store of value. it's a volatile store of value that should stabilise as market cap goes up and retail gamblers make up a smaller pct of investors. there is potential for this state to continue, or for everyone to lose confidence and it drop to zero. i'm personally convinced there's enough critical mass now that the belief it has value is self-sustaining outside the miner capture scenario
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