The millennial generation and later, as natives to the Internet, seem to register the utility of cryptocurrencies more than generations before them. As an inverse of this observation, older generations understand the utility of investing in and storing physical gold. The value of each investment derives first and foremost from its scarcity. In addition to scarcity, Bitcoin contains characteristics that liken it more to a payment network such as Visa and PayPal than a store of value asset. To add complexity, we now see borrowing and lending systems with Bitcoin collateral and the steady introduction of new regulations concerning its custody and classification. How do investors classify something with such unique and ...
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