TechFlow reported, the U.S. Department of the Treasury stated in a report that Bitcoin primarily serves as a store of value within the decentralized finance (DeFi) ecosystem, playing the role of "digital gold."
The report indicated that although digital assets have achieved rapid growth from a low base, their market capitalization remains relatively small compared to other financial and physical assets, and has not affected demand for U.S. Treasury securities. Currently, household and industry adoption of cryptocurrencies is mainly limited to investment purposes, while blockchain technology is being utilized to develop new applications and enhance clearing and settlement infrastructure in traditional financial markets.
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