According to CZ (founder of Binance), Bitcoin currently maintains its dominance as a store of value and has the potential to become global money, though it is not yet functioning as money itself; the technology has grown significantly despite 15 years of government suppression, with governments now slowly shifting toward support, suggesting that killer applications will emerge as the technology matures.
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Bitcoin Is Global Money – CZ for Ran NeunerAdded:
Do you think Bitcoin is going to be global money?
>> As far as I can see now, today, based on all the information we have today, Bitcoin still have the dominance and Bitcoin still have the stamina to continue to dominate. Um there's nothing replacing Bitcoin just yet. Now, in the future there may be, but today I don't see it yet.
>> Where we are today with [music] blockchain, we've created a store of value which is Bitcoin. It's not really money. We've created a way to bring to bring fiat money on chain and to be able to transact it whenever you want. We've created a way to create digital value and to be able to trade it. You can argue that we haven't actually got like a killer use case. It's a 15-year-old technology and we haven't got ChatGPT yet. We also got to understand that the last 15 years uh crypto, blockchain, Bitcoin was under heavy government suppression. It's only in the last year and a half we saw US turning really pro-crypto. And now we're only seeing the governments slowly turning [music] to support it. They realized though even with the suppression the technology is growing. Bitcoin grown from like I don't know, 5 cents to $80,000, right? So even with that suppression it's grown. So that's why a lot of the killer apps were actually killed before they were they were able to grow. So all of that is going to happen.
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