Leishman said Bitcoin is still used mainly as a store of value, and argued a broader shift would come when people borrow Bitcoin to build a house.
River CEO Alex Leishman said Bitcoin is in a transitionary period, describing the market as being in a “dual money era” where the asset is still used mostly as a store of value. He said the inflection point would come when people borrow Bitcoin to build a house, pointing to a future in which Bitcoin functions more directly in credit and everyday financial activity rather than primarily as a savings asset. The remarks were made at Isabel Foxen Duke’s “Bitcoin Rails.”