Actually it's totally different,
even though its name was Cryptocurrency,we can not compare it to actual money aka Fiat.
if we want it to be considered as a 'real currency' we should have a physical form.
right now the best word to describe it is 'Electronic Payment' not 'Electronic Money'.
'Electronic payment' was a tool for people to help them send their money across the world,
it's just a tool and will never replace the real 'money' itself.
Well, we can actually compare it to actual money per se, because of how we now value bitcoin and the new perception it has to us. If we consider bitcoin as an asset that has high value then we could consider it a currency that can be used to buy things we desire even though we are only using it in the digital world. It is just that we are used to the idea that a currency should always have a physical form and we can't accept the fact that even though bitcoin can be used to pay off things, the idea that it is in digital form neglects us to accept for what it is really worth.