This thesis explores the evolution and positioning of Bitcoin since its inception in 2009 within the modern financial system. With the rapid advancement of technology and globalization of financial markets, Bitcoin has evolved from merely a digital cash system into a new asset class. The study begins by reviewing the technical principles, historical background, and market development of Bitcoin, comparing it with gold as a traditional store of value. Subsequently, it delves into the challenges and opportunities Bitcoin faces regarding monetary sovereignty, environmental impact, and ecosystem expansion. Finally, the thesis presents the potential and future direction of Bitcoin, offering a forward-looking analysis of its long-term positioning in the global financial system.