The potential for bitcoin to transform as a store of value, currency, and groundbreaking technology was at the forefront of a conversation led by Roundtable anchor, Rob Nelson, alongside Javier Rodriguez-Alarcon, Chief Commercial Officer at XBTO. The discussion explored how bitcoin's multifaceted nature sets it apart from traditional financial assets and its evolving role in the 21st-century economy.
“Bitcoin will reach a half million dollars sooner rather than later,” Nelson asserted, emphasizing the cryptocurrency's unique positioning. “As a currency, it will get more widely used around the world. But the third one is as a technology... we haven't even seen what bitcoin can be.” He likened bitcoin's potential to combining the technological innovation of Microsoft with the enduring value of gold.
Rodriguez-Alarcon supported this perspective, describing bitcoin as “a money for the 21st century.” He explained, “We’ve been dealing with money from the 20th century, which is basically fiat money... Now we have digital storage and incredible possibilities in bitcoin.” He added that as adoption grows, the realization of bitcoin's potential will become more apparent.
He further discussed various factors influencing investor decisions, including regulatory clarity and the recent approval of bitcoin ETFs. “Some people would actually say, well, the ETF was something they were looking forward to in order to make their decision to invest,” Rodriguez-Alarcon noted. Others, he said, may wait for broader regulatory reforms or signals from the U.S. government.
Nelson highlighted the technological component as often overlooked, suggesting it could redefine how we view assets. “Think of what Microsoft does, then think of gold. Put them together into one thing that’s an undiscovered potential,” he proposed, advocating for broader recognition of bitcoin’s capabilities.
As bitcoin continues to evolve, the intersection of its use cases—as a currency, store of value, and transformative technology—may redefine its role in the financial landscape, pushing it to new heights in the global economy.