Bitcoin has to have several characteristics to be used as a means of exchange. Firstly, it has to be accepted by all parties. Currently, Bitcoin is not accepted by all parties. Secondly, it can be divided to represent different values. Bitcoin has these characteristics. Thirdly, Bitcoin has to be able to be stored for a certain value. However, currently the price of Bitcoin fluctuates violently, and the value of Bitcoin is usually considered as its exchange rate to USD. Therefore, the value cannot maintain. In conclusion, as Bitcoin violates two of the three characteristics, we currently cannot say Bitcoin has become a new money, despite it can be true in the future.
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