Us treasury designates Bitcoin as digital gold due to value storage

Bitcoin highlighted as a store of value: The US Treasury’s designation of Bitcoin as digital gold reinforces its importance as a store of value. This evaluation positions Bitcoin alongside traditional assets like gold, especially amid inflation concerns.

Growth driven by speculation and investment: Despite the rise of Bitcoin and other digital assets, their combined market remains small compared to U.S. bonds. Investors primarily engage with these cryptocurrencies hoping for value appreciation rather than replacing these traditional financial instruments.