So did you mean that Bitcoin is not already a currency? It is already a currency but it is a digital that can only accept via online transactions or any things that uses technology, not in real life because bitcoin is really volatile so that the everyday it has a changes when it comes the value of each. It is difficult to use bitcoin as a primary exchange like stores or in a market because there are many people doesn't have a deep knowledge about bitcoin and the can't afford it. Fiat currencies is a fix amount of value and all people can have it.
Not exactly. Bitcoin cannot be considered as a currency because of its many limitations relative to Fiat. The pioneer cryptocurrency is very unstable in price, slow, and costly at times. At its current state, people would use it more as a store of value than anything else. For Bitcoin to be used as a currency, it needs to have lower fees, faster transactions, and most of all, a stable price across the market. While scalability issues are being handled with the Lightning Network (which is still in development and not ready for mainstream use), volatility is still an issue that has haunted Bitcoin over the years. It's probably because the crypto market is still small and highly unregulated unlike other traditional markets (stocks) in the mainstream world. That of course, is a real concern if you cash out Bitcoin for Fiat.
Despite prices, 1 Bitcoin will always be the same no matter what. The same applies to other cryptocurrencies on the market. But we all know that most people in the mainstream world uses Fiat as the unit of account. As long as the trend continues, Bitcoin may never be able to be used as a real currency for day-to-day transactions. With wild fluctuations in price, the pioneer cryptocurrency can be used more as an investment than anything else. In the end, time will tell us what will be the fate of Bitcoin as an alternative to existing Fiat for daily payments. Just my opinion
