"U.S. Department of the Treasury, Bitcoin (BTC) as a Store of Value... Similar to Digital Gold"
Minseung Kang
Summary
- The U.S. Department of the Treasury has likened Bitcoin (BTC) to digital gold, stating that it is being used as a store of value.
- The main use of Bitcoin is as a store of value, similar to digital gold, in areas like DeFi.
- Speculative interest in Bitcoin has played a significant role in the growth of digital assets.
The U.S. Department of the Treasury has likened Bitcoin (BTC) to digital gold, stating that it is being used as a store of value.
On the 7th, cryptocurrency-focused media Watcher Guru reported on X (formerly Twitter), citing a report from the U.S. Department of the Treasury, "The U.S. Department of the Treasury is comparing Bitcoin to digital gold," and added, "The main use of Bitcoin is as a store of value, similar to digital gold, in areas like DeFi."
The report added, "Speculative interest in Bitcoin has played a significant role in the growth of digital assets (especially Bitcoin) so far."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
