BITCOIN’S ROLE AS AN ALTERNATIVE INVESTMENT
Bitcoin is many things to many people – why they choose to hold bitcoin depends on their circumstances and views of what bitcoin is today and what it could become in the future.
These views have been the subject of misunderstanding, confusion, and debate. Historically, such debates have revolved around whether bitcoin, the native asset, is a store of value, medium of exchange, financial asset, all of the above, or none of the above.
Additionally, it is still undetermined whether the underlying blockchain is best used to facilitate wholesale clearing and settlement, consumer payments, or the anchoring and timestamping of data.
The truth is, as the ecosystem matures, Bitcoin may simultaneously serve many functions – either foundationally or through incremental layers.
One of the beautiful things about Bitcoin is that its success is not predicated on serving a singular purpose.