As reported by Bitcoinist, crypto CEO Jacob King has challenged the notion that Bitcoin was designed to be a store of value or inflation hedge. King argues that the Bitcoin whitepaper described it as a peer-to-peer electronic cash system, not a digital gold alternative. This comes amid Bitcoin's recent price decline, which has raised questions about its role in the market. King's critique contrasts with views from figures like Michael Saylor and Larry Fink, who have promoted Bitcoin as a store of value. BTCUSD is currently trading at $84,130.
Crypto CEO Challenges Bitcoin's 'Digital Gold' Narrative
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