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Can $BTC Be Both Gold and Cash?
Bitcoin wasnât created to be âdigital gold.â It became that.
The original idea? A peer-to-peer electronic cash system.
But somewhere along the way, scarcity, volatility, and institutional narratives turned BTC into a vault rather than a wallet.
Hereâs the core conflict:
đ Store of value = HODL, minimal circulation
đž Medium of exchange = Spend, circulate, transact
Trying to be both creates friction. People wonât spend what they believe will double in a year. And merchants wonât accept what might crash tomorrow.
So whatâs the solution?
Make spending rewarding (cashback, instant swaps)
Use second-layer tech (like Lightning) to separate store vs. spend logic
Educate people: some satoshis are meant to moveGold never bought groceries.
But Bitcoin? It still might.
To win mass adoption, BTC must stop trying to be perfectâand start being useful.
Next time someone asks âIs Bitcoin money?â
Ask them back: âDo you use yours like money?â
