Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not a currency?
by
7Dyoknga5
on 21/04/2018, 15:03:46 UTC
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

If we google the meaning of currency in the internet, most results says "a system of money in general use in a particular country."

Bitcoin might be worldwide and not just within the country but several transactions are done with bitcoin. Which means it's used to do exchanges which is also the function of money.

Bitcoin is not legally stated by any countries economic law to be a standard medium for transaction but it serves much like money does specially online.