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Cryptoquant The whole of Ki Young claims that Bitcoin is digital gold, not peer-to-peer electronic money.
Defining a question in BitcoinLong long history has passed whether the property is intended for function as digital gold or electronic money. This question was among the key contents in one of the most natural moments of Bitcoin: a war-size war that led to a fork like Bitcoin cash.
Recently, this issue has been re-set into focus in the middle of recent network data.
Bitcoin Transaction activity Plummes
Kriptoquant The whole of Ki Young Jua claimed that Bitcoin is digital gold, not peer-to-peer electronic money.
Analyst Expressed this view Tuesday, 4. February, in response to recent network data suggesting low activity.
Proof that #bitcoin is digital gold, not P2P electronic money. https://t.co/yc20vzelzp
– Young Judgment_ 4. February 2025
Specifically, Kriptoquant Julio Moreno Research Head Recently divided data Showing that Bitcoin’s Mempool, the place where transactions are waiting to be processed, largely were empty, and the total activity of the network transaction fell to the lowest level of 2024. Years.
Response to data, the young people claimed:
“Proof that Bitcoin is digital gold, not P2P electronic money.”
This view comes as Bitcoin’s low amounts of transactions suggest that the property is being purchased as an investment and does not facilitate regular payments.
At the same time, gold tends to have a relatively low transaction frequency in relation to traditional stakes. It is often purchased in the long run for long-term because of its scarcity, which has made globally recognizable trade in value. This is another feature that the advocates of the idea that Bitcoin digital gold is often emphasized that both property has in common.
Meanwhile, the champions of these narratives are often going on to claim that Bitcoin is top assets, referring to liquidity 24/7 and lack of intermediaries.
This narrative is often used as a space to take off in calls for Larger corporate and adoption of nation-states property.
Not the original intention?
Despite the fact that today the predominant narrative are, some argued that this was not the original intention behind Bitcoin’s creation.
Indeed, the title of the product widely celebrated white paper is: “Bitcoin: an electronic treasury peer system.”
However, Satoshi Nakamoto seems to be, “the Creator Asset, the Bitcoin seems to be viewed as a value shop because his landline is designed to prevent prudes.
The comparing the scarcity of Bitcoin’s gold supply, they claimed that if such a narrative caught, it could make sense to stick to some coins.
However, at the time of writing, Bitcoin’s share prices suggest that investors see this more as a technical stock from the value of values in a couple.
In the latest case by highlighting that, Gold recorded new Hise In the middle of economic uncertainty, the Tariff of the President Donald Trumpa. On the other hand, The price of Bitcoin experienced DIP in correlation with traditional interests.
