The bitcoin anyone buys and stores securely in a cold wallet are bitcoin no one can steal or copy. In dollar terms, those bitcoins might fluctuate in value. But as long as we measure bitcoin in an inflationary currency, those metrics will only ever be quasi-denominators.

Like a one-of-a-kind Picasso or Van Gogh, every bitcoin stands out as distinctive and immutable. Rooted in physics and mathematics and protected by its owner, it maintains its core properties.

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