Odaily Planet Daily News Fidelity Digital Assets said last week that Bitcoin is a monetary commodity and an attractive store of value in an increasingly digital world; traditional investors tend to use it when analyzing Bitcoin technology investment framework, which led them to the erroneous conclusion that cryptocurrency “as a first-mover technology could easily be replaced by more advanced technologies or have lower returns”; however, “Bitcoin’s first-mover technology The breakthrough is not as a superior payment technology, but as a superior form of money.”
The report states that "Bitcoin is fundamentally different from any other digital asset" and that other cryptocurrencies are unlikely to have a better status as monetary commodities than Bitcoin because it is the most "secure, decentralized, and robust digital currency." ".
The report believes that the success of the Bitcoin network and the success of other networks are not mutually exclusive, as other parts of the digital asset ecosystem can meet different needs or solve other problems that Bitcoin cannot solve. Bitcoin’s returns are driven by two powerful drivers: the global growth of the broader digital asset ecosystem, and the underlying instability of traditional macroeconomic conditions. Bitcoin should be considered first and differentiated from all other digital assets that follow, and Bitcoin should be viewed as the entry point for traditional allocators seeking to enter the industry. (CoinDesk)