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?
I think bitcoin is a currency (digital) but i dont think that it is capable from replacing fiat money in the market. That is true there atr companies who restrict the use of cigarettes at the public places.