Bitcoin is recognized as «digital gold» in the US

The U.S. Treasury Department has officially recognized bitcoin BTC $104,950.52 Bitcoin 0.97% Market capitalization $2.08 trillion VOL. 24 hours $3 billion as «digital gold.» According to the report for the fourth fiscal quarter of 2024, the main way to use bitcoin is to preserve value. Thus, BTC has become «digital gold» in the world of decentralized finance (DeFi).

According to the report, speculative interest plays an important role in the growth of digital tokens. However, bitcoin is increasingly performing the function of digital gold. Earlier, Federal Reserve Chairman Jerome Powell compared bitcoin to gold.

«It's just like gold, but it’s virtual. People are not using it as a means of payment, but rather as a store of value. It is a highly volatile asset that is not a competitor to the dollar, but rather to gold,» he said.

It is worth reminding that Max Keizer, the advisor to the President of El Salvador on bitcoin , predicted that the cryptocurrency will grow to $ 2.2 million. This forecast was made by the statements of MicroStrategy co-founder Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672″ data-wpel-link="internal">Michael Saylor.