History suggests that digital gold can rush in an economic revolution

From Cointelegraph

March 25, 2025 11:00 am:

In 1848, the California Gold Rush transformed the American economy. In 2025, Bitcoin is poised to reshape the global economy. With a market value of $2 trillion, early adopters are now millionaires and even billionaires. Just as gold mining led to infrastructure development, Bitcoin is driving innovation in digital payments and asset tokenization.

Bitcoin’s success stories include Michael Saylor’s MicroStrategy, worth over $48 billion in Bitcoin, and Changpeng Zhao’s crypto exchange, worth over $57 billion. Just as gold mining attracted workers and investors, Bitcoin is drawing institutions, talent, and capital inflows. Will a US strategic Bitcoin reserve have the same impact as gold-backed reserves?

Bitcoin offers scalability and efficiency with energy-efficient mining facilities and the Lightning Network. Beyond instant wealth, Bitcoin provides monetary sovereignty and protection against inflation. Retail adoption is driven by economic decentralization and security against government policies.

Despite years of skepticism, Bitcoin has gained support from tech leaders, libertarians, and even prominent investment managers like Larry Fink. Fink, once a critic, now owns 2.7% of the global Bitcoin supply and believes it could reach $700,000 per BTC. Trump has also expressed interest in a strategic Bitcoin reserve, aligning with the potential impact of Bitcoin on international finance.

Read more at Cointelegraph: History suggests that digital gold can rush in an economic revolution