Is Bitcoin Money?

Ask an Economist

Is bitcoin meet the definition of money? if so How?


Money refers to any asset that is widely used and accepted as a form of payment. It must be a medium of exchange, a unit of account, and a store of value (assets like stocks, bonds are all stores of value meaning they can be traded for goods at a future date). Bitcoin, by this definition, is money.

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Last updated on March 9, 2018