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

Question

Characteristics of Money:

Accepted 

Portable 

Divisible

Scarce 

Durable

Stable 

Functions of Money:

Medium of Exchange

Unit of Account

Store of Value

Answer 1

Favorite 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.