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?
Bitcoin was actually created as a currency by satoshi.People earlier used it as a currency either to send money at very low cost or to buy any products.But,now with growing price of bitcoin,it is now mostly bought by people as avaluable asset which could give huge returns in future.They mostly don't want to spend bitcoins for buying any thing which could be even bought with fiat money itself.So,we could say bitcoin both as a currency as well as an asset depending upon the user's opinion.