Deep Tide TechFlow News: The U.S. Treasury Department pointed out in a report that Bitcoin primarily serves as a store of value in the decentralized finance (DeFi) ecosystem, playing the role of 'digital gold.'
The report shows that while digital assets have achieved rapid growth from a low base, their market capitalization remains relatively low compared to other financial and physical assets, and has not affected the demand for U.S. Treasury bonds. Currently, the adoption of cryptocurrencies by households and industries is mainly limited to investment purposes, while blockchain technology is being used to develop new applications and improve the clearing and settlement infrastructure of traditional financial markets.
