Post
Topic
Board Bitcoin Discussion
Re: Now that Bitcoin is no longer digital cash?
by
Kelward
on 19/04/2024, 14:15:55 UTC
I ask this question because I wonder what Bitcoin will become now that the financial institutions and meme coin advocates have taken over.

If Bitcoin is not peer-to-peer electronic cash then how do you see it?
Bitcoin remains a digital cash and a store of value, it's not dragging positions with financial institutions or memecoins, it's in a class of it's own and has proven it's reputation as a means of payments and as an investment asset. Some businesses and individuals accept it as an alternative currency for payments, the only thing that has not made it's acceptance to gain the popularity that it deserves is the slow adoption rate, but it's less than two decades old compered to fiat that has always been here. Although I can't deny that Bitcoin is used more as an investment asset, investors buys and sells it for profit, all the same, you can't compare memecoins to Bitcoin.