According to the 99bitcoins.com website, 89 companies claim to accept Bitcoin as a currency, including Subway, the Massachusetts Institute of Technology's bookstore and the Coastal Bend Museum in Victoria, Texas. However, no one actually uses Bitcoin for sale. Who will use Bitcoin to pay when only 10 minutes later, Bitcoin prices may soar 500 dollars? And which seller will receive Bitcoin from customers when the price of this kind of money can drop $ 500 only 10 minutes later?
Whatever the original purpose, Bitcoin has now turned into a kind of asset with only one goal: speculation.
In addition, another shortcoming of Bitcoin is that many of the supporters of this kind of money operate independently of the government predetermined system.