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The sudden rise of bitcoin has been connected to the decision taken by the tesla electric car company to buy $1.5 billion worth of bitcoin. There is no real way to value a cryptocurrency. Bitcoin is the only truly decentralized cryptocurrency. Is it worth investing in cryptocurrency and bitcoin? For instance, novice bitcoin investors may not.
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At my most recent entry point, bitcoin was valued at usd $10,000.
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As of today, bitcoin is almost fully used as a speculative investment and not as a currency.
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