In fact, in some places it can be medium of exchange first, and a store of value later. Let me explain – there are places on this planet where people need Bitcoin to get certain things. So, they get Bitcoin just because they want to use it to buy something. And little by little they notice that they need less and less Bitcoin to buy those things, and that’s when they start to see it as a store of value too.
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Yes, and in other places in the world most people have access to the fiat banking system and it works perfectly for their payment needs but is terrible at storing value into the future