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Bitcoin is more like a security, with characteristics more akin to rare metals than a savings account. It's entirely unfit for that purpose.



That makes it a commodity, not a security. Securities are very specific things described by the SEC Act and the Howey test.

But if you don't like Bitcoin you can use USD based cryptos like DAI or USDC to transact and conduct peer-to-peer lending, purchase art work, save with higher yield, provide liquidity in a peer to peer marketplace, etc. By no means do you have to choose Bitcoin.




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