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?
People had decided the price of bitcoin thru speculation, wether it's has purpose or not but the people had united to invest in Bitcoin. Also, the price had high enough to be utilized in buying items. Indeed it has a purpose to be an asset which people had hold their coins for a better prices in the future.