Countries and banks (including central banks) are still buying gold as a hedge against dollar and other currencies.
For example, "from November 2022 to April 2024, China reported adding about 314 tons to its reserves, bringing the official total to 2,264 tons by mid-2024".
The logic for holding Bitcoin is the same as the logic for holding gold: a hedge against dollar and other currencies.
Countries and banks (including central banks) are still buying gold as a hedge against dollar and other currencies.
For example, "from November 2022 to April 2024, China reported adding about 314 tons to its reserves, bringing the official total to 2,264 tons by mid-2024".
The logic for holding Bitcoin is the same as the logic for holding gold: a hedge against dollar and other currencies.