Bitcoin Shifts from Speculative Asset to Core Market Player

Strategy suggests that Bitcoin is shifting from an early speculative asset to a core asset in digital capital markets. According to its latest 'Bitcoin Investor Guide,' this change is driven by improving institutional access and market infrastructure.

The firm points out that Bitcoin's long-term value rests on scarcity, open access, global liquidity, and independent verifiability.

It also notes that Bitcoin could eventually absorb some of the monetary premium attached to gold, real estate, stocks, bonds, and art.

As of September 4, Bitcoin was trading at around $79,809, approximately 23.3% above its 200-week moving average of $64,715.