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Bitcoin’s Origins: Currency, Not 10k-BTC Hoards
I think early Bitcoin users didn’t intend to “hodl” 10,000 BTC; they treated coins as a practical medium of exchange. At that time the network was used for payments and experimentation, not long-term wealth storage.
Recognizing that origin helps explain why behavior shifted later toward accumulation and speculation. That transition matters for current liquidity, supply dynamics, and how we interpret price moves today.
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Analysis
Because Bitcoin started as a transactional tool, coins circulated for utility rather than being held as long-term stores of value; the later emergence of hoarding changed supply availability and ampli...
Recommendation
Account for this historical shift when sizing positions: don’t assume early transactional patterns persist — treat Bitcoin as both a scarce, speculative asset and a potential medium of exchange when p...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.