Questions tagged [used as a currency]

Alessandra Fri Jul 05 2024 | 7 answers 1759

The question lingers: can Bitcoin truly be considered a currency? It's a fascinating debate, given its digital nature and the underlying blockchain technology. On one hand, Bitcoin allows for instant, borderless transactions, often with lower fees than traditional payment methods. This suggests it has the potential to function as a currency. However, its volatility and lack of widespread acceptance as a payment method by merchants and governments alike, raise doubts. Is Bitcoin merely a speculative asset, or can it evolve into a truly viable currency? The answer, perhaps, lies in the evolving regulatory landscape and how society adopts this innovative technology.