Treasury Department Says Bitcoin (BTC) Being Used As ‘Digital Gold,’ Touts Benefits of Tokenization

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The U.S. Treasury Department is acknowledging the benefits of asset tokenization and comparing Bitcoin ( BTC ) to gold. In a new report, the Treasury Department calls the top crypto by market cap a store-of-value asset boosted by speculators. “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 also known as ‘digital gold’ in a decentralized finance (DeFi) world; speculative interest seems...