Despite the decline in the number of transactions on the Bitcoin network to levels not seen in almost 19 months, the asset itself remains an important part of the financial world. While the activity is mainly related to the Ordinals protocol and a long-term Hodl strategy, experts believe that Bitcoin still serves the function of 'digital gold', acting as a reserve asset for both private and institutional investors. Unlike the original idea as a payment system, today most transactions occur through stablecoins and second-layer solutions like the Lightning Network. Miles Suter from Block emphasizes that Bitcoin is turning into a universal payment platform while also being an asset for storing value. Overall, despite the current fluctuations in activity, Bitcoin's role as a digital asset and protocol for fast payments continues to strengthen, indicating its multifaceted nature in the modern financial space.$BNB$BTC$ETH
