https://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"!
The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing.
I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency.
Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
What do you think?
This is very very interesting. I hadn't actually given that a thought. I suppose if we consider things as they are at the present time in terms of popularity and whether or not states or businesses are adopting the use of bitcoin; i too would have to agree. Maybe i'm too much of an optimist, but i believe strongly that it will eventually be widely accepted across the world. I'm of the view that states/businesses probably have people working on the feasibility of crypto in mainstream.
I do agree that as things stand of today, the article is bang on.