TechFlow news — On December 13, 10xResearch posted on social media stating that Bitcoin's network decision to prioritize decentralization over increasing transaction throughput has played a crucial role in solidifying its identity as "digital gold." The report指出 that after excluding the $8 trillion jewelry market, Bitcoin has the potential to gain market share in areas such as private investments ($4 trillion), central bank reserves ($3.1 trillion), and other institutional holdings ($2.7 trillion).
This $10 trillion segment of the gold market represents Bitcoin's potential target. With Bitcoin's current market valuation at $2 trillion, this suggests it could have a fivefold growth potential as it continues positioning itself as digital gold.
The research report also shows that 25% of millennials hold cryptocurrency, compared to only 4% among baby boomers.
