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The Functionality as Digital Gold Begins to Be Questioned
The latest statement from the U.S. Department of the Treasury is attracting attention. According to a document reported by Bitcoin Magazine, the Department points out that the primary role of Bitcoin within the decentralized finance (DeFi) ecosystem is centered around its function as a store of value, commonly referred to as digital gold.
Interestingly, the Department's analysis also issues a warning about the rapidly increasing speculative fervor in the current DeFi market. This market sentiment is seen as having a significant impact on the rising value of digital tokens.
The U.S. Department of the Treasury's remarks highlight the disconnect between Bitcoin's intrinsic function as digital gold and the speculative movements in the market. As regulatory scrutiny in the DeFi sector intensifies, the presentation of such viewpoints could influence the overall industry trend.