ChainCatcher news, White House "crypto czar" David Sacks stated in an interview with CNBC that Bitcoin is an "excellent store of value," and revealed that assessing Bitcoin reserves is one of the priorities for an internal government working group. Sacks emphasized that Bitcoin, as the earliest and strongest digital currency, has never been hacked.Sacks also mentioned that after visiting leaders of the Congressional Banking and Financial Services Committee, he expects to push for legislation on cryptocurrencies within the next six months to provide a clearer regulatory framework. Additionally, the U.S. SEC is also adjusting its approach to cryptocurrency regulation, reducing the enforcement division specifically targeting cryptocurrencies and reallocating related legal resources.Regarding stablecoins, Sacks stated that the government aims to promote their issuance domestically to enhance the international dominance of the U.S. dollar and create new demand for U.S. Treasury bonds.

ChainCatcher news, according to Decrypt, Singapore-based digital asset trading firm QCP Capital wrote in a report on Monday that the price ratio of Bitcoin to gold has reached a new high, further solidifying Bitcoin's status as "digital gold," gradually positioning it as "an increasingly favored store of value compared to traditional gold."Nevertheless, traders still tend to prefer gold over Bitcoin during uncertain times. Bitcoin has gradually become more correlated with traditional markets to some extent, partly due to the approval of the U.S. Bitcoin ETF in January this year.According to data from Coinglass, the total assets under management of global Bitcoin ETFs have reached $119 billion. According to the World Gold Council, as of November 2024, the total assets of gold ETFs amount to $290 billion, roughly double that of Bitcoin ETF assets.

ChainCatcher news, BlackRock released the "2025 Global Outlook" report stating that Bitcoin, with its fixed supply and demand growth driven by investor confidence in its widespread adoption as a payment technology, shows potential as a new type of diversified asset, with lower correlation to stocks and other risk assets. Emerging assets like Bitcoin and traditional assets like gold are expected to become new diversified investment tools. As demand increases and supply remains limited, the value of Bitcoin will continue to rise.In fact, Bitcoin reached an all-time high after the U.S. presidential election, possibly due to investors considering the promises of elected President Donald Trump. Moreover, the widespread adoption of Bitcoin will fundamentally change the investment risk and return landscape. By then, Bitcoin may be better suited as a tactical hedge against certain risks (such as gold). In the past, investors bought gold to cope with high inflation, and as major central banks purchased gold as an alternative reserve currency, gold prices soared. It is crucial to understand how the performance of these alternative assets changes compared to traditional asset classes. Due to Bitcoin's role as a store of value and payment system, it can become a potential diversified investment tool.

ChainCatcher news, NEO founder Da Hongfei disclosed that the U.S. House of Representatives passed the Bitcoin bill (176-26), which officially recognizes Bitcoin as a "store of value" asset for the first time, positioning it similarly to digital gold, while classifying Ethereum as a utility token. Da Hongfei stated that this bill will mean in practice:Banks can now officially hold Bitcoin as a reserve asset;Local and federal governments have clear guidelines on BTC reserves;Institutions finally gain the regulatory clarity they need;The global market may follow this framework.

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated on social media, "If I didn't believe Ethereum is a store of value, 90% of my net worth wouldn't be in ETH."

ChainCatcher news, Bitwise Research Director Ryan Rasmussen stated that Goldman Sachs CEO David Solomon said in an interview with CNBC this morning at the Olympics: "Bitcoin may have a use case as a store of value."

ChainCatcher news, Nasdaq-listed company Semler Scientific has announced that it has adopted Bitcoin as its primary treasury reserve asset. Semler Scientific has announced the purchase of 581 Bitcoins, with a total value of $40 million, including fees and expenses.Semler Scientific Chairman Eric Semler stated: "Our Bitcoin funding strategy and the purchase of Bitcoin demonstrate our belief that Bitcoin is a reliable store of value and an attractive investment. Bitcoin is now a major asset class with a market capitalization exceeding $1 trillion. We believe that as a scarce and limited asset, it possesses unique characteristics that can serve as a reasonable hedge against inflation and a safe haven during global instability. We also believe that the digital architecture of Bitcoin makes it more popular than gold, which has a market capitalization about 10 times that of Bitcoin. Given the value gap between gold and Bitcoin, we believe that as Bitcoin is increasingly recognized as digital gold, it has the potential to generate excess returns."It is reported that Semler Scientific, Inc. is a provider of technology products and services, primarily supporting the healthcare industry in combating chronic diseases.

ChainCatcher news, according to Bitcoinist, Vanguard CEO Tim Buckley stated that cryptocurrency operates as a speculative asset, is not suitable for long-term investment, and does not align with Vanguard's investment model.He believes that Bitcoin is too volatile and is not a store of value, as it also fell when the stock market was hit hard during the recent crisis.

ChainCatcher news, BlackRock CEO Larry Fink stated in an interview: "If you are afraid of the government, or worried about the government devaluing currency, then you can see Bitcoin as a huge potential long-term store of value. It is like digital gold."He also mentioned, "Bitcoin is a ledger, but it is an international ledger that crosses borders. It is more powerful than any government. The emergence of Bitcoin ETFs is an example of how we are legitimizing this asset class."

ChainCatcher news, Morgan Stanley CEO James Gorman stated that he has never viewed Bitcoin as a store of value. Bitcoin will not disappear, but it is not a core investment. (Jin Shi)