This is an opinion editorial by Paolo Tasca, a professor, economist and founder of the University College London’s Centre For Blockchain Technologies and the Distributed Ledger Technology Science Foundation.
Bitcoin has held its place as the preeminent digital, robust and unhackable store of value for nearly a decade. Yet, every year, the debate continues about whether bitcoin should evolve to become something more. Can “digital” gold also be the world’s currency? Could Bitcoin’s blockchain be used to register assets of value? Should it?
This conversation has peaked with the launch of Bitcoin Ordinals and BRC-20 tokens, driving even more demand to the Bitcoin blockchain. And understandably so — Bitcoin’s peerless security and stability made it known as the blockchain of value. Now that it is possible to store a growing range of assets there, people want to. This is welcome news for the store-of-value proponents, as demand for bitcoin should drive up the price.
But more
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