US Treasury Makes Historic Move: Bitcoin Now Officially 'Digital Gold'!
In a new report, the U.S. Treasury officially named Bitcoin ‘digital gold .’ BTC’s price explosion past $100,000 and strong cryptocurrency adoption in 2024 signal some major changes in how institutions view digital assets. Also Read: Iran Embraces Crypto: A Bold Plan to Dodge Sanctions as Crypto Holds 1/3 of National Gold US Treasury Recognizes Bitcoin as Digital Gold: What This Means for Crypto Investors BTC as Digital Gold: Treasury’s Official Stance The U.S. Treasury report makes it clear: “the primary use case for bitcoin seems to be a store of value aka ‘digital gold’ in a decentralized finance (DeFi) world.” Federal Reserve Chairman Jerome Powell agrees: “It’s just like gold, only it’s virtual. It’s not a competitor for the dollar, it’s really a competitor for gold.” This U.S. Treasury Bitcoin recognition shows how government views are changing. Jerome Powell Live at DealBook Summit 2024 https:...