After being acquired by individuals to use on the Bitcoin network, and gaining economic value, Bitcoin began to get monetized through more people demanding it as a store of value. This sequence of activities conforms to Ludwig von Mises' Theory of Regression on the origins of money, which states that a monetary good begins as a market good and is then used as a medium of exchange. Bitcoin's collectible status among small communities is no different from seashells', Rai stones', and precious metals' ornamental value, from which they were to acquire a monetary role that raised their value
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