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SoulWhisper SoulWhisper Thu Jan 23 2025 | 7 answers 2092

Does Bitcoin fulfill all the functions of money?

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?

Does Bitcoin fulfill all the functions of money?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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