Global cryptocurrency analysis platform CoinEasy recently stated through a report that Bitcoin's adoption should be redefined not as a simple payment method, but as a 'global asset preservation method'. It analyzed that existing indicators such as wallet numbers or payment merchant counts fail to capture Bitcoin's true adoption pattern, and Bitcoin's status is being strengthened in its essential role of protecting cash purchasing power.
The core argument of this research is that the criticism 'Why can't one buy coffee?' is already an anachronistic way of thinking. The lack of merchants, Gresham's law (good money is stored and bad money is spent), and cash-centered payment infrastructure are natural phenomena, and Bitcoin is establishing itself as a means of wealth storage while overcoming these. In other words, people are seeking Bitcoin for savings purposes rather than payment.
CoinEasy pointed out that Bitcoin is gradually evolving from the originally targeted P2P electronic currency to digital gold, due to its fixed supply (21 million), predictable issuance schedule, and deflationary structure. Historically, similar to gold being adopted as a 'value storage medium' before becoming an exchange medium, Bitcoin is following a similar path.
This change is particularly prominent in institutional investors' movements. Numerous listed companies such as MicroStrategy, Tesla, and Block (formerly Square) are strategically incorporating Bitcoin at the financial strategy level, which is not a temporary speculative act but due to hedging against currency value decline risks and trust in asset value preservation means. According to the research, this change is part of a large wave of traditional funds flowing into cryptocurrencies.
Moreover, while some central banks and sovereign wealth funds officially state they do not hold Bitcoin, analysis suggests they are unofficially allocating some assets to Bitcoin through proxy funds. This is part of a national de-dollarization strategy and diversified asset composition. Even if they allocate just 1% of their held assets, it could inject massive capital into the Bitcoin market.
CoinEasy emphasized that when evaluating Bitcoin's adoption level, the key indicator should be 'Bitcoin's proportion in global assets' rather than surface-level figures like wallet numbers or on-chain activity. Currently, Bitcoin's market capitalization is only about $2 trillion, not even reaching 1% of the global asset size of about $500 trillion. Considering that gold occupies 10% of total wealth, Bitcoin still has significant room for growth.
The development of financial infrastructure for institutional investment has also significantly contributed to this structural change. With infrastructure tailored to traditional finance such as ETF approvals, custody solutions, loan products and derivatives, and institutional-only exchanges, an environment is being created for various investors including pension funds, university funds, and insurance companies to enter the Bitcoin market.
Bitcoin's adoption path also varies by country and region. In developed countries, it is primarily held for long-term investment and inflation hedging, while in developing countries, it is adopted as a remittance method and asset storage outside the banking system. This demonstrates Bitcoin's universality and flexibility.
Ultimately, what Bitcoin needs to become a 'payment method' is more accumulated holdings. As more people hold it, they will begin to actually pay with those assets, creating a 'network effect' where others are also compelled to use it. This is a natural progression, and Bitcoin will function as a major 'savings technology' in the digital age.
CoinEasy predicts that Bitcoin adoption will expand from 0.01% to gradually 1%, and then 10%, emphasizing this will be a turning point in reshaping the global financial order. The fact that its market cap is still smaller than a single Apple company's assets is proof that Bitcoin's future potential is by no means exaggerated.
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