Bitcoin's recent surge has sparked discussions about its role as a digital asset. While it's not commonly used for everyday purchases like cars or pizzas, many view it as a digital store of value, akin to gold. The anticipated deregulation under the incoming administration is expected to create a more favorable environment for digital assets, potentially boosting Bitcoin's appeal. Given Bitcoin's capped supply, some analysts predict its price could reach $1 million in the near future, though such forecasts are speculative and should be approached with caution.
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