Cryptocurrency Q&A
Does Bitcoin fulfill all the functions of money?
Does Bitcoin fulfill all the functions of money?
SoulWhisper
Thu Jan 23 2025
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7
answers
2092
I'm wondering if Bitcoin can actually fulfill all the roles that traditional money plays. Can it be used as a medium of exchange, a unit of account, and a store of value, just like fiat currencies?
7 answers
EchoPulse
Sat Jan 25 2025
Bitcoin derives its value from its users, supply, and demand, similar to all forms of currency.
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Margherita
Sat Jan 25 2025
Its status as a means of exchange is contingent upon maintaining the attributes associated with money.
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KimonoGlory
Fri Jan 24 2025
As long as these attributes persist, Bitcoin will continue to serve as a viable form of payment.
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ZenHarmonious
Fri Jan 24 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users.
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CryptoMaven
Fri Jan 24 2025
Bitcoin also functions as a store of value, allowing individuals to preserve and grow their wealth over time.
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