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RE: Bitcoin soars to over $2300 in some Asian markets as it is becoming the asset of the elite
I have always been a big proponent and fan of Bitcoin as money, but once it starts getting financialized (Winklevoss Twins ETF attempt), and over-populated in one region of the world (Asia), then at that point I have to treat it as a security and investment, and play my hand for taking profit, waiting to get back in at the drops, and look towards something else to protect my wealth (gold and silver) until it stabilizes back into a currency again.
Perhaps the future will see a multitude of designer coins for different purposes, or nations and groups of nations/people using crypto over fiat.