Questions tagged [form of money]

CryptoPioneer Sat May 11 2024 | 7 answers 1321

I'm curious to understand the nature of Bitcoin. Could you clarify for me whether Bitcoin is considered a form of money? After all, it doesn't have the physical attributes of traditional currencies, and it's based on cryptography and blockchain technology. Is it merely a digital asset or does it fulfill the functions of money, such as being a medium of exchange, a store of value, and a unit of account? It's intriguing to me how this virtual currency is gaining acceptance and usage worldwide. Could you please elaborate on this topic?