Bitcoin Officially Recognized as Digital Gold: Price Forecast After U.S. Treasury Statement
The U.S. Department of the Treasury has published a report calling Bitcoin ($BTC) digital gold. This recognition may significantly strengthen the cryptocurrency's position as a reliable asset for preserving value.
At the time of publication, the price of Bitcoin is $100,464.00.
Such a statement is likely to attract the attention of institutional investors considering Bitcoin as a hedge against inflation and economic instability. The comparison to gold emphasizes its role as a safe haven, which may lead to increased demand.
• Short-term outlook (1–2 weeks): A rise to $105,000–$110,000 is expected, driven by increased investor interest.
• Medium-term outlook (1–3 months): If positive sentiments persist, a rise to $120,000 and above is possible.
The recognition of Bitcoin as digital gold by the U.S. Department of the Treasury enhances its status as a primary digital asset. Investors are advised to consider this factor when forming their investment strategies.