Bitcoin Is Like the World's First Pure Money

Bitcoin is like the world's first pure money. Its pure moditary premium. There's not really an industrial use beneath it. The more tradeable an asset is, the more a component of its market value is its expected future so for instance, if amo, it has a very specific use. It can be put into a gun and fired, and the gun can be used to kill people or animals or whatever. But in a a say, environment of ammunition scarcity, people may also be willing to trade other goods and services for that ammunition. So that ammunition will start totrade at a premium - but not just for its utility value. Because this delta between market and in use value

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