Understanding Digital Money and Digital Yield
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The source frames digital money and digital yield as distinct concepts: money serves as a medium of exchange and store of value, while yield represents returns earned by deploying capital. For Bitcoin, this distinction matters because yield products may introduce lending, counterparty, or smart-contract risks that are absent from holding self-custodied BTC. Investors should assess how returns are generated rather than treating yield as an inherent feature of Bitcoin.
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