CoinDesk published an opinion article stating that Bitcoin is a global decentralized currency that is not controlled or guaranteed by any country. The Bitcoin ecosystem has been awash with optimism in recent months, largely due to the approval of a Bitcoin spot market exchange-traded fund (ETF).
The article pointed out that these ETFs do not really understand the nature of Bitcoin. Bitcoin is not an asset to be held, but a currency to be used. Bitcoin has no price, only an exchange rate. Bitcoin’s future is not as an asset sitting in an ETF or buried in a hardware wallet. The purpose of money is for transactions.
The article states that although Bitcoin is not suitable for daily payments (such as buying coffee), a large number of economic activities will be based on Bitcoin in the future. Bitcoin will play a role in storing value, settling large payments, and providing financial services.
