U.S. Treasury Names Bitcoin ‘Digital Gold’ After Price Explosion
Bitcoin has seen its price climb back over $100,000 this week after bouncing wildly around the closely-watched level, with the chief executive of Wall Street’s biggest market maker admitting he’s got “FOMO.”
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The bitcoin price has more than doubled this year as a perfect storm hits the crypto market—with traders now braced for a game-changer this week.
Now, as Tesla billionaire Elon Musk’s campaign against the spiraling $36 trillion debt pile spurs calls for a U.S. bitcoin strategic reserve, the U.S. Treasury has named bitcoin “digital gold” in a report.
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