The world is still deciding what Bitcoin does as well as how is should be classified, after it's inception twelve years ago . Practically, Bitcoin isn't isolated from the traditional banking system because its price is supported by USD bank liquidity making its trade as a speculative asset rather than a currency.
Satoshi Natamoto envisioned Bitcoin as an alternative to traditional fiat currencies. If Bitcoin had been trading on its core value proposition - the ability to be your own bank - then Bitcoin would have rallied with rising bank uncertainty
After all, Bitcoin network suffers from scalability issues and high transaction fees, leading many to believe that Bitcoin is more of a store of value than an alternative form of cash. With Bitcoin and other cryptocurrency, we're faced with a more futuristic form of money
Topic: Currency nature of Bitcoin - page 2. (Read 212 times)
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