Anonymous
Anonymous asked in Social ScienceEconomics · 1 month ago

Does Bitcoin satisfy the characteristics and functions of money and why?

Characteristics of Money:

Accepted 

Portable 

Divisible

Scarce 

Durable

Stable 

Functions of Money:

Medium of Exchange

Unit of Account

Store of Value

1 Answer

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  • Oiy
    Lv 6
    1 month ago
    Favourite answer

    Economically, it is. As a medium of exchange, the unit of value, are the most importance to function. It is also best for the illegal activities and the informal sector.

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