Digital asset market cap remains low relative to other financial and real assets, and growth thus far does not seem to have cannibalized demand for Treasuries The use case of digital assets continues to evolve, but interest has proceeded along two main tracks Primary use case for #Bitcoin seems to be a store of value aka "digital gold" in a decentralized finance (DeFi) world; speculative interest seems to have played a prominent role in the growth of digital tokens thus far Efforts to leverage blockchain and distributed ledger technology (DLT) to develop new applications and improve the legacy financial market clearing and settlement infrastructure $BTC