US Treasury Department Publishes New Report About Bitcoin! “Digital Gold…”

In a recent statement, the US Treasury Department Bitcoin’i He emphasized its primary use as a store of value in the decentralized finance (DeFi) ecosystem, likening it to “digital gold”.

Explanations, both Bitcoin ve Ethereum like to cryptocurrencies It comes at a time when digital assets continue to grow steadily, with increasing interest in stablecoins.

Although the Treasury Department acknowledged in its report that digital assets are growing rapidly, it stated that this growth stems from a relatively small base. “Digital assets have witnessed rapid growth, albeit from a small base,” the report said. However, according to the report, the market value of cryptocurrencies remains low compared to traditional financial and real assets.

According to the Treasury, the adoption of digital assets among households and industries is primarily for investment purposes, with speculative interest playing a significant role in market expansion.

The Treasury Department noted Bitcoin’s evolving role in the financial ecosystem, stating that Bitcoin has emerged as a store of value similar to gold. “Bitcoin’s primary use appears to be as a store of value in the decentralized finance (DeFi) world, that is, ‘digital gold,’” the report said.

While Bitcoin has gained attention as a speculative asset, its appeal as a hedge against inflation and economic uncertainty continues to grow and is being compared to traditional safe-haven assets such as gold.

The report also highlighted efforts to leverage blockchain and distributed ledger technology (DLT) to develop innovative applications and improve the legacy financial market’s clearing and settlement processes.

Despite the growing interest in digital assets, the Treasury noted that the rise of these assets “does not reduce the demand for Treasury securities.”

*It is not considered investment advice.