In today's trend of digital currency, Bitcoin has always been the focus of much attention. Recently, the president of Intercontinental Exchange expressed his views on Bitcoin, emphasizing the view that Bitcoin needs daily application scenarios to become digital gold. This view has aroused widespread attention and in-depth thinking. Let us explore in depth and reveal the development path of Bitcoin.

As the representative of cryptocurrency, Bitcoin has always attracted much attention. However, to become digital gold, Bitcoin needs more daily application scenarios. As the president of Intercontinental Exchange said, this is not an empty talk. The real value of Bitcoin lies in its practical application, not just as a speculative tool. Only when Bitcoin is integrated into daily life can its long-term and stable value-added potential be realized.

First, let's start with the definition of digital gold. Digital gold does not refer to simple virtual wealth, but a digital asset with scarcity, immutability and long-term value preservation characteristics. This attribute makes Bitcoin have the potential to become digital gold. However, to achieve this goal, Bitcoin needs more practical application scenarios to support its value.

In today's society, the application scenarios of digital currency have become increasingly rich. From online payments to cross-border remittances, Bitcoin is used more and more widely. However, to truly enter people's daily lives, Bitcoin still needs more innovative applications. For example, some restaurants have begun to accept Bitcoin payments, which opens up new possibilities for the application of Bitcoin in daily consumption. In addition, some countries are exploring the use of Bitcoin for government welfare distribution, which will further promote the popularity of Bitcoin in society.

In addition to daily consumption and government applications, Bitcoin also has great potential in the financial field. As a decentralized digital asset, Bitcoin can bring revolutionary changes to the traditional financial system. For example, using Bitcoin's smart contract technology can achieve faster and safer cross-border payments, reduce the cost of financial transactions, and improve the efficiency of financial services. This innovation will further promote the development of Bitcoin and lay a solid foundation for it to become digital gold.

In addition, as a safe-haven asset, Bitcoin has a certain value-preserving function. Against the backdrop of increasing global economic uncertainty, more and more investors are turning their attention to digital assets such as Bitcoin. However, to achieve long-term and stable appreciation, Bitcoin needs more practical application scenarios to support its market demand. Only when Bitcoin is truly integrated into people's daily lives can it achieve its status as digital gold.

In general, as an innovative digital asset, Bitcoin has great potential. To achieve its goal of becoming digital gold, more daily application scenarios are needed to support its long-term and stable appreciation. With the continuous development of technology and the continuous progress of society, I believe that Bitcoin will usher in a more brilliant future and become the leader in the digital economy. Let us look forward to Bitcoin's resurgence and the arrival of the digital gold revolution.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Jeffrey Sprecher, president of Intercontinental Exchange, has flagged that bitcoin could become “digital gold,” but first it needs more adoption in everyday business.

During a quarterly earnings call Thursday, ICE head Jeffrey Sprecher said he sees bitcoin’s use in transactions as a prerequisite for it to become a long-term store of value. Bakkt, the company’s subsidiary that runs the bitcoin futures market, announced this week that it’s developing an app that lets consumers buy goods from merchants, starting with Starbucks.

Many Bakkt employees already view bitcoin as digital gold, Sprecher said. (It’s worth noting that much of the current bitcoin community does, too.) To him, it’s still too early.

“Maybe because I’m older, I think about how gold became a store of value because it was a currency at one time, we had gold coins, gold coins were in circulation, and over time it became a store of value because of its spending power, and today, you know, in a crisis, we all accept gold as a form of payment,” he said.

Bitcoin could follow a similar trajectory, Sprecher said, citing the growth and mining capabilities of Bitcoin. He added:

“We think that Bitcoin and gold will not be relevant and will not grow unless there is a real use case… We think that with a use case, there will be a digital transfer of value through payments.”

But unlike Bitcoin’s critics, Sprecher believes that the development of use cases is possible. “It may well be that merchants and users will accept Bitcoin directly, rather than converting Bitcoin into fiat currency and then using fiat currency to purchase goods and services,” he said.

Parties that trade directly with Bitcoin will avoid the foreign exchange costs associated with converting back and forth between fiat currencies. Bakkt hopes to serve this market by building a digital platform to facilitate such transactions.

Intercontinental Exchange (ICE), which owns the New York Stock Exchange, currently has about 50 employees working on Bakkt's payment infrastructure. The company aims to launch its consumer app in early 2020.

Sprecher also detailed Bakkt's reasoning for launching bitcoin options, which the company plans to launch in December according to the timeline.

He said that financial institutions are still cautious about entering the field, and many are waiting for regulators to standardize how to treat cryptocurrencies. Bakkt hopes to solve this problem by providing a more regulated environment in the bitcoin ecosystem.

"You know, for whatever reason, retail customers around the world are happy to be early users of unregulated platforms that call themselves exchanges but don't actually have any particular regulatory oversight," he explained. "We think that through Bakkt's gradual improvement, we have the opportunity to bring the whole thing to a more transparent regulatory track and make full use of our expertise."

After more than a year of regulatory approvals and platform construction, Bakkt launched its flagship product, bitcoin futures, last month. Although the company's initial bitcoin futures contracts were traded at low volumes, trading has recently picked up.

“The way we’ve launched our bitcoin futures contracts, it’s a source of price discovery because we’re physically delivered — meaning the contracts are paid in bitcoin rather than dollars,” Sprecher said. “We’re not reliant on prices in those unregulated cash markets,” he said, referring to the spot exchanges that dominate the market. “We set our own settlement prices, so we fit in very well with the options market, where people can trade options and hedging strategies in a place they know is transparent.”