Why Bitcoin Is Not Real Money - Samuelpaganoto.com

Last Updated on September 18, 2023 by Paganoto

Why Bitcoin is not a currency but a speculative real asset

First, there currently exists no commonly accepted valuation model for Bitcoin. Second, unlike precious metals, highly volatile Bitcoin has no history of being accepted as money and it lacks any time-tested store of value credentials (accepted intrinsic worth), both of which are key currency attributes.

Why Do Bitcoins Have Value? – Investopedia

Bitcoin (BTCUSD) is often referred to as digital currency and as an alternative to central bank-controlled fiat money. However, the latter is valuable …

“Bitcoin Has No Intrinsic Value”. Then What Gives Bitcoin Value?

Similar to Fiat currency, Bitcoin (or most of the cryptocurrencies) is also not backed by any gold or silver hence does not have any intrinsic value. The value …

The brutal truth about Bitcoin – Brookings Institution

This is puzzling. It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from …

Five myths about cryptocurrency – Brookings Institution

Cryptocurrencies are not backed by anything other than the faith of the people who own them. The dollar, by contrast, is backed by the U.S. …

Bitcoin: Delusions of money – Computerworld

True, unlike Ponzi or Bernie Madoff, “Bitcoin is bought not as an income-earning asset but rather as a zero-coupon perpetual.” In other words, …

What is Bitcoin and is it real money? | Metro News

Yes, Bitcoin is technically real money. It is totally online, so you can’t get physical notes or coins. You can use it to buy things, but not …

Is cryptocurrency real money? Here's an explanation

WHAT IS CRYPTOCURRENCY?Cryptocurrency is virtual money based on software. When you purchase cryptocurrency, you purchase a digital asset based …

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 …

Is bitcoin 'real money'? Deep dive into the past, present and …

What they don’t understand is that it is not the monetary policy that matters the most, it is the credibility of the monetary policy. Bitcoin is …

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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.