Is bitcoin money?

[Butuhusaha]

if I think that bitcoin is still not accepted as a legitimate currency in some countries. but we can use bitcoin to buy things that we want and can realize all the dreams of my life bro .

[obito uciha]

I do not think that bitcoin will become a legitimate currency in a country but bitcoin is able to make people become a currency for a need. Bitcoin is not a currency but a money asset that can develop ..

[flyaccount]

Yups, bitcoin is money in digital form. Because the purpose of bitcoin was created is as an easy, cheap and fast payment system. In addition, bitcoin is digital money that can solve problems that cannot be done by fiat money.

[casas]

Economists define money as a store of value, a medium of exchange, and a unit of account. According to The Economist in 2014, bitcoin functions best as a medium of exchange.However, this is debated, and a 2018 assessment by The Economist found that cryptocurrencies met none of these three criteria.

[ambrose92]

Yes, bitcoin is real money because one can exchange BTC for USD at the exchanges and liquidate from any country or can be transferred from one country to another just like other fiats that can be transferred to other countries as a means of payment for goods and services. Btc is the new era of money that is poised to take over the financial industry.

[Cryptoz]

As far as I know, some people prefer to call bitcoin as investment. The price can go up and down, It is also very unstable and volatile. This is the reason why It is not suitable to call as money. But I am okay if people call it as digital money. 

[gribble]

I think Bitcoin is a digital currency because it has the same function as money. Bitoin can be used as payment for goods or to hire employees in the company. That's why bitcoin is often referred to as electronic money.

[Marivic27]

As far as I know, some people prefer to call bitcoin as investment. The price can go up and down, It is also very unstable and volatile. This is the reason why It is not suitable to call as money. But I am okay if people call it as digital money.

Bitcoin is a digital crypto currency that is normally used for investment and for different kinds of gaining in the crypto feild. And we can also convert is into fiat , so then I believe that bitcoin can be called money because we can change or maybe convert it into real money anytime anywhere.

[mightwalker]

For now, it's not considered as money, I think. Bitcoin is used to exchange for real money (fiat) via their value which decided by the market.

[Jetski]

Though bitcoin has no formation like dollar, euro, pound , we can say it money .Actually we can use bitcoins as other currencies , but in general we don’t want to do that .May be its extreme volatility is responsible for that .For this voladility , people won’t want to take their salaries in the form of bitcoins .But the function of bitcoins is as same as money .

Agree, although bitcoin can be easily exchange into fiat but people still afraid to keep their money in the form of bitcoin because of its volatile characteristics that may cause of losing their money.

[kent47400]

It is certain that Bitcoin is Money because there is a lot of money circulating in Bitcoin.
Bitcoin is the king of cryptocurrency and a lot of people exchange FIAT with Bitcoin.

[fgg57fg7]

For my own opinion bitcion is like a money because bitcion is using for transaction payment and other services payment. even the bitcion is a digital currency but it's using like a money that we used in our daily lives

[ayuaja]

I think this will not happen yet in the near future eventhough bitcoin or other alcoins are already accepted in some countries. The awareness about cryptocurrency is not yet that widespread that people or government will trust all transactions on it.

[glina]

If we are to be precise about a definition, for something to be used as money it should hold the following properties:Scarcity. There needs to be a finite supply so that the currency maintains its value. There will only ever be 21 million bitcoins, no person can create more bitcoins. This is a rule which is baked into the bitcoin network, and has a very high degree of security.

[gribble]

I think bitcoin is a digital currency, which is currently used as a tool for payment and also for investing, therefore many of them invest their assets in the form of bitcoin ..