Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
One of the most amazing characteristics of bitcoin is that it is a combination of currency and at the same an asset. One of the reason why banks and governments are threatened. If they cannot control it, banks will collapse not unless they join the bandwagon.