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For those who bought early it is certainly the case. Those late to the game will have the rug pulled just like a memecoin. There are many people who really believe it will go to $1M and they will use it freely ( their ideal of sound money). What is really valuable is the blockchain tech, the coin is speculation. That is because governments and banks will have more control over the coin on top of the base layer.





I don't think either are actually valuable, I don't see any application of blockchain anywhere that's better than traditional computing. Bitcoin itself seems to be the only good application so far.



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