Bitcoin Must Function as Money, Not Just an Asset Says Suter
Bitcoin Bitcoin Must Function as Money, Not Just an Asset Says SuterBlocks Miles Suter said BTC is the only truly censorship-resistant money available today.Suter said BTC could lose core value if it becomes only a store of value and not P2P cash.Block disclosed 28,355.05 BTC in Q1 reserves worth about $2.2B, across all holdings. Miles Suter, Bitcoin Product Lead at Block Inc., said Bitcoin remains the only truly censorship-resistant form of money and warned that its long-term value depends on being used for payments, not just held as an asset. Speaking on the Nakamoto Stage at Bitcoin 2026 in Las Vegas, Suter said Bitcoin must circulate instead of sitting idle on balance sheets. It is important to note that the comments came alongside Blocks Q1 2026 proof of reserves. The company disclosed total holdings of 28,355.05 BTC worth about $2.2 billion. Of that amount, 19,357.16 BTC worth roughly $1.5 billion belonged to customers, while Blocks corporate treasury held 8,997.89 BTC valued at nearly $696 million. Store of Value vs Money Debate Returns Bitcoins growth in recent years has been driven by ETFs, corporate treasury buying, and institutions treating it as digital gold. This trend has pushed Bitcoin deeper into the store-of-value role, while day-to-day payment use remains