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- Even though most of the people buying Ether and Bitcoin are individual investors, the gains that both have experienced have taken what was until very recently a quirky fringe experiment into the realm of big money. The combined value of all Ether and Bitcoin is now worth more than the market value of PayPal and is approaching the size of Goldman Sachs.
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I think most people holding cryptocurrencies are holding them the same way they hold stocks, where rapid price swings and hype are pretty much the whole function of the modern investment, sad to say. It's gonna be curious what happens when everyone holding SPY or any FAANG watch that fucker plummet one fine day. Do they tuck it under their mattress? Or do they try and grab gold? Or nerd gold?