Kathleen Breitman, co-founder of Tezos, stated in an interview that Bitcoin’s reputation as a store of value is suffering amid the recent cryptocurrency market crash, where Bitcoin fell below $50,000. She attributed the drop to investor reactions to broader economic concerns, including fears of a global recession, stock market declines in Japan, and geopolitical tensions. Breitman criticized Bitcoin as being perceived as “internet pretend money” and indicated that it remains largely speculative. While she recognizes Bitcoin as an essential market asset, she is skeptical about its narrative as a store of value, describing it as an experiment. Despite its recent decline of over 28% in a week, she believes Bitcoin will still grow as it becomes more mainstream. In contrast, gold maintained its value during this market downturn.
