Since Bitcoin (BTC) came into being, the narrative surrounding the asset’s value proposition has varied drastically. At first, the cryptocurrency was seemingly pure, digital cash. Now, BTC has been deemed a digital gold by many pundits, who claim that the asset’s non-inflationary, borderless, and fungible nature makes it reminiscent of the precious metal.
However, throughout the handful of civil war-esque debates on the subject matter, many investors have claimed that Bitcoin is rapidly becoming the next global reserve asset. Yet, one industry commentator claims that the crypto industry’s de-facto king isn’t ready for such a title, in spite of fundamental developments.