Skip to main content

Volcano X released its report on Bitcoin value

Recently, Volcano X released its report of Bitcoin value, highlighting its intensified role as not just a digital equivalent to gold but as an emerging cornerstone of the broader economy.

About the market value

Despite Bitcoin’s burgeoning market capitalization—a figure hovering around $500 billion—this is dwarfed by the monolithic investment in gold, valued at approximately $13 trillion. Such disparity illuminates the untapped potential for Bitcoin to burgeon as a digital store of value in our increasingly cashless society.

Bitcoin: More Than Just The New Gold

Often touted as 'digital gold', Bitcoin was envisioned by its creator, Satoshi Nakamoto, as a scarce digital resource capable of being "transported over a communications channel. However, Volcano X discerns that Bitcoin's relevance has pivoted beyond mere asset speculation. With global economies facing persistent inflation and financial instabilities, Bitcoin shines as an asset class offering a hedge against real-value erosion—an attribute historically dominated by gold (Exhibit 1).



Exhibit 1: Bitcoin still small compared to investment gold market

The Lightning Network: Bitcoin's Gateway to Everyday Transactions

While Bitcoin's initial ambition was to operate as a peer-to-peer electronic cash system, it faced hurdles with volatility and transaction costs. However, with innovative solutions like the Lightning Network paving the way for instantaneous, low-fee transactions, Bitcoin is positioning itself as a formidable medium of exchange, particularly in regions where traditional financial infrastructure is either lacking or compromised (Exhibit 2). Volcano X lauds this protocol as a breakthrough that aligns with our vision of a frictionless, decentralized financial ecosystem.



Exhibit 2: Lightning Network development improves prospects for transaction use case

Bitcoin As A Settlement Layer: Embracing NFTs and Smart Contracts

Recent technological strides have seen Bitcoin expand its utility further. Initiatives such as Ordinals and Stacks have injected life into non-fungible tokens and smart contracts on the Bitcoin blockchain, catalyzing new avenues for commerce and creativity (Exhibit 3). These advancements are not mere novelties; they represent significant steps forward in Bitcoin's journey towards a multifunctional blockchain platform.



Exhibit 3: NFTs on Bitcoin May be Here to Stay via Ordinals

Forecasting Bitcoin's Trajectory in a Competitive Landscape

Volcano X has outlined a robust trajectory for Bitcoin as it continues to secure its status as both a store of value and a medium of exchange, potentially capturing an even more significant share of the investment sphere currently dominated by gold. With ongoing adoption and development, Bitcoin's narrative is evolving from an alternative investment to a multi-layered economic tool.

“Our projections remain cautious yet optimistic, considering the complex nature of cryptocurrency markets and the fierce competition within them. Nevertheless, we believe in the transformative power of Bitcoin and its capacity to redefine existing economic paradigms.”

For more details and reports on Bitcoin's growth potential and our research methodology, visit Volcano X.

Disclaimers:

This press release is for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to sell securities.

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Comments

Popular posts from this blog

Cort Shared technology Ltd is a leading company in the modern technology shared portable power supply equipment rental service industry

Cort Shared technology Ltd was established in London, United Kingdom, on August 31, 2022. It is a leading company in the modern technology shared portable power supply equipment rental service industry. Leveraging in-depth research on shared power supply projects and market analysis, CSTL was created by a high-quality team to establish a global shared economy structure, becoming a leader in the industry! CSTL's business covers a wide range with a mature shared structure: CSTL has provided shared charging stations for over 30 countries/regions and has developed APP software for customers' portable power supply projects based on different payment systems. Three senior developers offer robust technical support, while 50 experienced professionals collaboratively build CSTL's stable and reliable shared network architecture. Market demand for shared portable power supplies: With global temperature rises causing frequent natural issues, organizations like the European Union are fo

Xnor Quantitative Trading System: The Future of Intelligent Investing

In today's fast-paced financial market, investors face severe challenges, including volatile markets, massive data, and complex technical analysis demands. The Xnor Quantitative Trading System was developed in response, aiming to simplify the trading process and enhance investment decisions through innovative technology. Xnor was founded in 2018 and is headquartered in Washington state, USA. In 2021, under the leadership of David Jonathan and in collaboration with the team and headquarters' top management, a cryptocurrency intelligent trading product was developed, specifically for the cryptocurrency sector. An independent strategic planning department was established, launching the globally distributed Xnor Quantitative Trading System and covering a global scope. Powerful Features of the Xnor Quantitative Trading System Platform: Automated Trading: - Create and automatically execute customized trading strategies. - Automatically generate and execute trading orders. - Monitor t

The Role of Vendor Management Systems in Streamlining Operations

In an increasingly complex business world, managing numerous vendor relationships effectively is crucial for maintaining a competitive edge. Vendor Management Systems (VMS) are becoming indispensable tools in this effort, providing businesses with the capabilities to optimize and streamline vendor interactions. Understanding Vendor Management Systems A Vendor Management System (VMS) is a transformative tool designed to enhance how companies manage and interact with their vendors. It offers a centralized platform for automating and streamlining all aspects of vendor relations, including selection, contract management, performance evaluation, and payment processes. By facilitating a more structured and transparent interaction with suppliers, a VMS helps businesses optimize efficiencies, maintain compliance, and build stronger, more strategic partnerships. This system proves invaluable for organizations that handle numerous vendors or those needing tight control over procurement to meet