Bitcoin is infrastructure, not digital gold

Bitcoin’s true potential lies in its infrastructure role as productive capital, not just a digital store of value like gold.

Opinion by: Thomas Chen, CEO of Function

Bitcoin exchange-traded funds (ETFs) have solved the access issue but remain passive. What is needed now are credible, auditable, institutional-grade pathways to convert Bitcoin exposure into scalable yield.

Bitcoin is evolving from a digital store of value into a form of productive capital. Continuing to treat Bitcoin (BTC) like digital gold — storing it for appreciation over the long term — misses its true opportunity as a reserve asset for the digital age.

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