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Is Bit Coin More of a Commodity or a Speculative Asset?
A country, vador, has recently made a move to make bit coin legal tender itself. In the in the book, you talked about how bit coin is not money because it doesn't serve these important functions of being a medium of exchange and store value. So i wanted to ask you, why is bit coin more of a commodity or a speculative asset? And what do you make of those recent events in al salvador? I'll try to give the very short answer to the money part, because money is an abstract thing that is really hard to get your head around.