$BTC

Bitcoin challenges traditional definitions of money by operating as a decentralized digital asset without central bank backing. To evaluate its role as "money," we assess it against three core functions: Medium of Exchange: Bitcoin is accepted by a growing number of merchants and platforms, but volatility and transaction times hinder widespread everyday use. 2. Store of Value: Its fixed supply of 21 million coins makes Bitcoin deflationary by design. Supporters see it as "digital gold," though critics note its extreme price swings as a limitation. 3. Unit of Account: Bitcoin is rarely used to price goods/services, with most valuations still in fiat currencies.