The Next Narrative of Bitcoin
From P2P Digital cash, Digital gold to Energy currency.
There is a possibility that $BTC could become the embodiment of “Energy Currency,” according to Elon Musk’s interview on a recent podcast. He also mentioned that “Energy Currency” is the money of physics; however, he added that it is not certain whether this conceptual money can replace fiat money.
Henry Ford, the king of automobiles, had also mentioned the concept of “Energy Currency,” although it was premature to be adopted at that time.
In my personal point of view, the interesting thing is that $BTC is acquiring new narratives. As all of us already know, when Satoshi Nakamoto first revealed Bitcoin—as written in the white paper—it was introduced as “peer-to-peer digital cash.” However, after one cycle, Bitcoin attained the position of “digital gold,” whether it was true or not. And this has pushed Bitcoin’s price up consistently.
What do you think? Have the narratives of Bitcoin, starting from “digital cash” to “digital gold,” lost their power and no longer attract people? If the next narrative of Bitcoin is “energy currency,” can Bitcoin become collateral for the next fiat system and be pegged directly?
Strategy has recently introduced $STRC, which seems to be almost cash, as it is pegged at $100 like a coupon bill. This kind of bill, in other words, means cash. In my personal opinion, this is an experiment in printing dollars using Bitcoin as collateral.
“On one side, it’s creating a new narrative; on the other, it’s testing collateral.”
These situations look interesting.