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They are being forced to compete, just like every other enterprise on the planet. It allows hodlers to opt-out of government-issued fiat currency and take sovereignty over their money. For many libertarian-minded Bitcoiners, this was the draw to Bitcoin, even before it had any real value. Throughout late and into earlymore and more companies have added Bitcoin to their treasuries. For many, Bitcoin's attraction is due to its monetary policy and thus is a hedge against the unprecedented levels of money printing and the fear of high inflation.
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Discover new cryptocurrencies to add to your portfolio. Listen, smile, agree. FOMO helps encourage this phase by selling bottoms and buying tops.