Is virtual money real?

Good day, I'm curious about the nature of virtual money. I've heard a lot about it, but I'm still not quite sure if it's real or not. Can you help me understand if virtual money, like Bitcoin and other cryptocurrencies, are indeed considered as real money? How do they compare to traditional forms of currency like dollars and euros? What are the benefits and drawbacks of using virtual money? I'm hoping to gain a clearer picture of this digital phenomenon. Thank you for your time.