They are about to be categorized as collectibles.

Without laws dictating that they are valuable I don't think I'd call them fiat, but they are a symptom of the fiat system.

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Question though - if they are purchased as collectibles why have hundreds of thousands of people already sold at a loss?

Why are people expecting to profit from it?

I say free market honestly

It doesn't have to make sense. This is just what I am hearing from the current administration.

To me they are all garbage, but they're not going anywhere any time soon.