The U.S. Treasury Department report refers to Bitcoin as "Digital Gold"
According to an article published by Bitcoin Magazine on platform X, the U.S. Department of Treasury stated in a report that within the decentralized finance (DeFi) sector, Bitcoin's primary use appears to be as a store of value tool, or "digital gold". However, the report from the U.S. Department of Treasury warns that speculative interest seems to have played a significant role in the growth of digital tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.
Trending news
MoreCrypto prices
More
