Cryptocurrency Q&A
Does Bitcoin satisfy the 3 functions of money?
Does Bitcoin satisfy the 3 functions of money?
mia_rose_lawyer
Fri Dec 06 2024
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7 answers
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I'm exploring whether Bitcoin fulfills the three primary functions of money, which are typically seen as a medium of exchange, a unit of account, and a store of value. I want to understand if it meets these criteria.
7 answers
Maria
Sun Dec 08 2024
Additionally, money serves as a store of value, allowing individuals to save and accumulate wealth over time.
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CryptoLegend
Sun Dec 08 2024
Money also functions as a unit of account, providing a common measure for pricing goods and services.
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Riccardo
Sun Dec 08 2024
While some merchants have begun accepting Bitcoin as a medium of exchange, it has not yet gained widespread adoption.
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CryptoQueen
Sun Dec 08 2024
Money serves three primary functions.
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ShintoMystery
Sun Dec 08 2024
This is partly due to the fact that Bitcoin is not yet considered a unit of account.
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