"Bitcoin is being recognized as a hedge asset, not just as a simple blockchain technology"

An opinion has been raised that the method of assessing the value of Bitcoin (BTC) is being reestablished.

On the 14th (KST), 10x Research officially announced via X (formerly Twitter) that "the background to Bitcoin reaching its all-time high is not simply speculative frenzy but is based on fundamental factors," and emphasized that "the core of this Bitcoin rally is a narrative shift."

The report stated, "The expansion of the U.S. government's fiscal deficit and the possibility of a $7 trillion debt shock are positioning Bitcoin as a new macro asset," adding, "Bitcoin's significance is being highlighted not as a blockchain technology or decentralized finance (DeFi), but as a store of value within a massive macro trend."

It continued, "In particular, the recent increase in the U.S. congressional debt ceiling and the Trump Administration's announcement of forthcoming virtual asset policy reports have combined as political variables, rapidly changing market sentiment," and diagnosed, "Market participants are paying closer attention to key events such as the Federal Open Market Committee (FOMC) and the issue of U.S. fiscal soundness, and are adopting Bitcoin as a means of hedging."