But why did BTC have any value in the first place? What make...

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But why did BTC have any value in the first place? What makes BTC different then USDT?
I think it's the community. The people that believed that BTC will create a social difference. Now that we see that with regulations and laws BTC is just another asset, these people would / should leave BTC.
As these people stop HOLDing, what will happen to the price of BTC? Will institutions still invest in BTC?
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