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These are terrible takes. Bitcoin is an emerging store of value. You cannot ask it to emerge from nothing as mature as gold.
Imagine it in 2009 as a newborn. It is 100% speculation.
Now imagine it in 2050 or whenever, when every central bank owns it, and it’s as normal as gold. It’s 0% speculation.
You cannot travel from 100% speculation to 0% speculation without ticking every gradient in between.
The reason it doesn’t fit any individual box right now is it’s in the uncomfortable middle. But that’s a necessary part of the journey.
Either you believe it’s literally impossible to create a digital store of value or you have to imagine it passing through exactly this teenage state.
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