According to Burniske, bitcoin is tighten to fulfilling a same roles as money: It’s a means of exchange, a store of value, and a section of account. However, bitcoin might not simply be a form of money, and might be a possess singular thing, he said.
“Bitcoin is some-more than a currency—it is a record that can do distant some-more than fiat currency,” pronounced Burniske. “Bitcoin is some-more than income as we now know it, and therefore should be given a space it needs to innovate and grow into a legitimate place as a new kind of item class,” he added.
Vijay Michalik, investigate researcher for consultancy Frost Sullivan, concluded with Burniske.
“I consider bitcoin clearly fits a selection for a banking during this point,” he told CNBC around email. “It’s a viable middle of remuneration and sell for a far-reaching accumulation of commerce transactions, it’s fungible and there’s poignant infrastructure and volume for banking exchange, too.”