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Bitcoin’s Evolving Role as an Alternative Investment
Bitcoin is many things to many people—why someone chooses to hold bitcoin depends on their individual circumstances, views of what bitcoin is today, and what it could become. Historically, such debates have revolved around whether the bitcoin token is a store of value, medium of exchange, alternative asset, a combination of these functions, or none of the above. We believe that as the ecosystem matures, Bitcoin could simultaneously serve multiple functions—either foundationally or through incremental layers. One of the fascinating things about Bitcoin is that its success is not predicated on serving a singular ... (full story)