I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
I don't think bitcoin is just an asset. It is both an asset and a currency. Many stores around the world now accept bitcoins. They recognize the monetary nature of bitcoin. It is also a new technology.
Bitcoin as any other short-term currencies is an asset. Bitcoin is faster rather than Fiat or Local Currencies is controlled by banks but in the case of bitcoin youre the owner of your bank. So trading industry & traders liked it very much. Bitcoin can be purchased through an online exchange platform or a Bitcoin ATM still. Bitcoins also permitted by buying of goods and services through online, as well as transferring currencies. Mainly you can used to spend your digital money anytime.