The fact that Bitcoin and Ethereum are being discussed and debated by financial authorities around the world is evidence that it's recognized as a medium of exchange -- despite the slow official acceptance of that fact. And because blockchain currencies are NOT subject to political manipulation (yet?) they are also serving as both a store of value and a vehicle of investment. The inherent deflationary nature discussed here is part of what encourages people to consider it a store of value. Hurray!
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