why bitcoin is not money

Last Updated on October 5, 2023 by Paganoto

So, you STILL think Bitcoin is money? – Finextra

So, you STILL think Bitcoin is money? – Finextra

Cryptocurrencies are not money They do not possess the needed characteristics of money, and very, very rarely are they used as such. Instead, they are a speculative investment into a highly, volatile, immaterial asset.May 15, 2022

Why Do Bitcoins Have Value? – Investopedia

Why Do Bitcoins Have Value? – Investopedia

Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand. If the price of one …

The brutal truth about Bitcoin – Brookings Institution

The brutal truth about Bitcoin – Brookings Institution

While Bitcoin has failed in its stated objectives, it has become a speculative investment. This is puzzling. It has no intrinsic value and is …

Bitcoin Is Not Money—Yet – Forbes

Bitcoin Is Not Money—Yet – Forbes

Another problem with Bitcoin is that there’s a fixed supply of it. The amount cannot be increased. The supply of money must be able to expand in …

Bitcoin Is A Cryptocurrency, But Is It Money? – Forbes

Bitcoin Is A Cryptocurrency, But Is It Money? – Forbes

Dollars and other currencies are legal tender (must be accepted if offered in payment of a debt), cryptocurrencies such as Bitcoin are not. A …

Why Bitcoin is not a currency but a speculative real asset

Why Bitcoin is not a currency but a speculative real asset

Despite all the media hype, we contend in this article that Bitcoin, like all other crypto currencies, should not be seen as a currency in terms of a medium of …

Is Bitcoin a Real Currency? An Economic Appraisal

Is Bitcoin a Real Currency? An Economic Appraisal

by D Yermack · 2015 · Cited by 1488 — Bitcoin faces daily hacking and theft risks, lacks access to a banking system with deposit insurance, and is not used to denominate consumer credit or loan …

Bitcoin Is Not a New Type of Money – Liberty Street Economics

Bitcoin Is Not a New Type of Money – Liberty Street Economics

However, the ability to make electronic exchanges without a trusted party—a defining characteristic of Bitcoin—is radically new. Bitcoin is not …

Bitcoin – it's not a currency, it's not a capital asset… so what is it?

Bitcoin – it's not a currency, it's not a capital asset… so what is it?

Digital currencies and blockchain technology may have a lot to offer – but that does not mean Bitcoin will be it. … Due to extreme volatility, …