Bitcoin is the 6th Top Monetary Asset in the World
- Bitcoin Brunch
- Aug 15, 2024
- 1 min read
Updated: Nov 11, 2024
It's not a surprise, but just more evidence that Bitcoin is more than a mere cryptocurrency. Bitcoin is often referred to as digital gold as an easy way to explain it, but it is far more than an uneditable piece of code on the blockchain.
Although Bitcoin currently holds a relatively small piece of the total global wealth (estimated at over $900 trillion dollars), Bitcoin now represents nearly 20% of the value of USD and more than 8% of the value of all the gold. Increasingly, both people and companies are choosing to hold Bitcoin as the asset to preserve their capital.
The realization of the future digital AI world swirls all around us and with that it becomes more clear every day that in our near future it is likely inevitable that an AI-guided algorithm will want to be paid in Bitcoin, the hardest, scarcest digital asset indigenous to its system.
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