I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
For now, Bitcoin cannot be performing at par with the fiat currency. I hope you will understand this situation of Bitcoin's. Bitcoin is really struggling to go to the surface and become an easy alternative to our traditional fiat currency. However, there are several reasons why Bitcoin cannot do that for now. First is that cryptocurrency is still relatively young and not as widespread as fiat use although it is really growing fast. Second, Bitcoin has transaction fees while fiat does not have. Third, confirmation time for Bitcoin use is necessary while not in fiat. And then most of all, the value of Bitcoin is rising really fast that people might find it wasteful to spend their Bitcoins.