The U.S. Treasury Department referred to Bitcoin as "digital gold" in its financial report

Bitget2024/12/08 01:24

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According to News.bitcoin, the U.S. Department of Treasury pointed out in its fourth quarter report for fiscal year 2024 that the main use of Bitcoin seems to be as a store of value in the decentralized finance (DeFi) world, also known as 'digital gold'; so far, speculative interest appears to have played a prominent role in the growth of digital tokens.

"Despite a small base, digital assets have still achieved rapid growth. The growth comes from both native cryptocurrencies such as Bitcoin and Ethereum, and stablecoins." The document added: "So far, household and industry adoption of cryptocurrency has been limited to holding digital assets for investment purposes."

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