📌 We have seen how a currency must fulfill 3 basic functions to be considered such, and how Bitcoin may be the only cryptoasset that fulfills these premises.
🎖 Store of value.
Bitcoin is designed to store value in the digital space, with a limited supply of 21 million units, making it less inflationary than gold (stock to flow) and often referred to as "digital gold".
🤝🏻 Medium of exchange.
Bitcoin is accepted as payment in a growing number of establishments and platforms, enabling peer-to-peer transactions without centralized intermediaries.
🧾 Unit of account.
Currently, not all prices of goods and services in the world are expressed in BTC: price fluctuations prevent "stable" bitcoin listings. According to The Economist, Bitcoin "works best as a medium of exchange" and has not (yet) established itself as a standard unit of account.
📚 It must also meet operational requirements such as: durability, portability, divisibility, uniformity, fungibility, recognizability, controlled supply (scarcity). We will analyze these shortly.
📶 Stay tuned.
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