Research and understanding play a crucial role in investment decisions. By immersing oneself in Bitcoin's intricacies, individuals are more likely to become convinced of its value. For the speaker, critical factors influencing their decision to invest in Bitcoin included reaching 100 million wallets, regulatory comfort, and the recognition of Bitcoin as intangible property by the IRS in the US, which assured the protection of property rights due to the country's capitalist and legal framework.

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