For years, bitcoin buffs who were questioned by skeptics about the value of the cryptocurrency would respond by saying: Just wait.

Wait until inflation hits, and people look to park their savings in a stable digital asset that won’t lose its value. Wait until war breaks out, and authoritarians start seizing assets and imposing capital controls on their citizens. Wait until big banks and tech companies start censoring dissidents for their political views. Then you’ll see why we need a stateless, decentralized, anonymous digital currency.

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