Speaking on stage at Bitcoin 2026, Block’s Bitcoin product lead Miles Suter said Bitcoin needs real-world spending utility, not just corporate or investor balance-sheet adoption.
Miles Suter, Bitcoin product lead at Block, said during an on-stage appearance at Bitcoin 2026 that Bitcoin’s long-term value depends on functioning as peer-to-peer electronic cash. He argued that if Bitcoin remains primarily an asset held on balance sheets rather than used in transactions, it risks losing the defining quality that makes it transformational. The remarks highlight a long-running debate in the crypto industry over Bitcoin’s role as a payments network versus a store-of-value asset.