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 is virtual like credit card and online banking network that we use every day. Where when we save it means it's an asset. Bitcoin can be used for online and in-store payments as well as conventional money. Bitcoin can also be exchanged for a material form like the Casascius coin. So bitcoin is not just an asset but can be used to transact or buy and sell it.