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Why can gold continue to rise?

CN
小捕手 CHAOS
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2 months ago
AI summarizes in 5 seconds.

Why can gold continue to rise?

Not only because of an ethereal consensus, but also because it is "useful."

Its price strength comes from a highly mature and extensive peripheral service system that connects the physical and digital:

Difficult to store? Independent storage services for gold are provided by places like the London vaults or private shelters in Switzerland.

Difficult to purchase? Gold ETFs allow retail investors to buy gold like stocks, unleashing trillions in purchasing power.

Hard to recycle? Innovative C2B recycling channels have opened up the last mile for gold to transform from "jewelry" back to "currency."

In contrast, the core issue facing Bitcoin is "capital dormancy."

▌ Over 61% of Bitcoin has not moved for over a year, locking trillions of dollars in value in a static state.

Therefore, BTCFi is not just an embellishment, but one of the most important links for Bitcoin to become "digital gold."

Fortunately, the industry's attempts and efforts in this regard cannot be considered few.

Just recently, Bitcoin ZK rollup @citrea_xyz announced that its mainnet is officially online.

Total funding amount of $16.7 million, led by Galaxy Digital and Founders Fund.

Among the star-studded Bitcoin L2s, Citrea is also one of the most dazzling.

Why is "this time different"?

1/ Technically

In the past, Bitcoin either remained in its original state or relied on centralized solutions.

Citrea has achieved the best of both worlds for the first time through ZK technology and BitVM. It maintains the security of the Bitcoin network while gaining complete programmability.

2️/ Ecologically

Citrea's mainnet launched with over 30 applications, covering:

Trading: Satsuma, JuiceSwap, Fibrous

Lending: Morpho, Zentra Finance (coming soon)

Privacy: Crest privacy payments (coming soon)

Prediction markets: Signal BTC price prediction (coming soon)

3️/ Native stablecoin support

Citrea also launched ctUSD simultaneously—a USD stablecoin issued by MoonPay and supported by M0 infrastructure.

100% backed by U.S. Treasury bonds and cash reserves, supporting BTC collateralized lending.

💡 The significance of Citrea is that it allows Bitcoin to start being "useful" like gold.

No longer just code that goes in without coming out, but a digital currency base that can earn interest, be staked, and circulate widely.

How to participate?

First, open the link https://app.citrea.xyz/

Second, complete tasks to collect as many badges as possible.

Note: There is a bonus in the first week of the mainnet, so don’t waste it.

Take action.

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