PANews reported on December 8 that according to News.bitcoin, the U.S. Treasury Department pointed out in its fourth quarter report for fiscal year 2024 that the main use of Bitcoin seems to be a store of value in the world of decentralized finance (DeFi), also known as 'digital gold'; so far, speculative interest seems to have played a prominent role in the growth of digital tokens. "Despite a small base, digital assets have achieved rapid growth. Growth comes from both native cryptocurrencies such as Bitcoin and Ethereum, as well as stablecoins." The document added: "To date, the adoption of cryptocurrencies by households and industries has been limited to holding digital assets for investment purposes."
U.S. Treasury Department calls Bitcoin "digital gold" in fiscal report
- 2024-12-08
South Korean prosecutors' office announces arrest of former Defense Minister Kim Yong-hyun
- 2024-12-08
Moroccan authorities arrest five suspects in cryptocurrency phishing scam
- 2024-12-08
The top ten Bitcoin holders control nearly 15% of the circulating supply
- 2024-12-08
The President of Argentina expressed support for KIP's AI development in the Latin American market on social media
- 2024-12-08
David Sacks: Bitcoin can separate money from the state
- 2024-12-08
Data: US Bitcoin spot ETF holds more than 1.108 million BTC