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by xikrib 1999 days ago
Bitcoin isn't a collectible, because Bitcoin isn't unique or rare, it's infinitely divisible, and highly liquid. However, like a mint-condition beanie-baby, the value of Bitcoin is highly debatable. While most people would agree there is some non-zero value of having a distributed and decentralized currency, without a historical basis for valuation, justifying the price is difficult. It's better to think about crypto as an independent asset class with its own dynamics that are probably correlated to the balance of power between private and public interests. Ask yourself: in the long run, and globally, does the value of decentralized currency system increase or decrease relative to our current inflation-based monetary system?