Bitcoin is gradually transitioning from a speculative asset to a long-term store of value. According to Samson Mou, the current role of the leading cryptocurrency in the global financial system increasingly resembles that of gold, which has been established as a strategic asset not through government decisions, but through societal and market recognition over centuries.
Mou argues that it was market recognition that made gold valuable, followed by governmental interest. Bitcoin is following a similar trajectory, initially becoming part of corporate reserves and potentially evolving into a component of state balance sheets. The direct comparison with gold is supported by Bitcoin's fundamental characteristics: limited supply, global accessibility, independence from issuers, and resilience to inflation risks.
As traditional government bonds, particularly US Treasury securities, lose their appeal, interest in decentralized assets is on the rise. The US national debt has surpassed $38 trillion, while bond yields fluctuate amid political and inflationary uncertainties, pushing investors toward alternative assets.
Mou believes Bitcoin has the potential to become the strategic asset of the 21st century, reducing reliance on debt instruments and enhancing financial stability. Furthermore, the increasing liquidity in the crypto market and growing acceptance among institutional investors pave the way for the formation of a new class of reserves, independent of central bank and fiscal authority decisions.
He emphasizes the natural progression of governmental interest in any asset that holds real value. If Bitcoin is recognized as a medium of savings, governments will begin to shape policies around it, ranging from regulation to accumulation. While this process is still in its early stages, signs of a structural shift are already apparent.
Thus, Bitcoin continues to evolve as the digital equivalent of gold, sharing a similar recognition logic but equipped with new technological capabilities. For several countries facing debt and inflation pressures, cryptocurrency may serve not as a threat but as a tool for long-term financial stability.
