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Why (And When) Anthony Scaramucci Expects Bitcoin To Reach $500,000



How Crypto Becomes Money

Such volatile moves, they will argue, make it impossible for cryptocurrencies to serve what traditional economics describes as the three functions of money: i) a medium of exchange, ii) a store of value, and iii) a unit of account. Already, central banks in Singapore and the United Arab Emirates are exploring interoperability solutions for their central bank digital currency that would do just that.

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