We often refer to bitcoin as “digital gold” because, like the metal, it is a potential store of value. Like gold, bitcoin’s characteristics include: Limited supply: Maximum supply of 21 million. This scarcity means that the price could move upward as adoption increases. Increasing adoption: Bitcoin has been gaining traction in terms of the number of merchants that accept it as payment. In 2021, El Salvador made headlines by declaring Bitcoin as legal tender. As the first country to do so, El Salvador serves as a good macro case study for bitcoin as legal tender. Potential inflation hedge: Monetary stimulus is ... (full story)