Money is a medium of exchange. No more no less. It can take many forms. Bit-whatever is just the latest.
The government is not going to give up its monopoly over money. No government ever has and never will. Coinage is too profitable.
The fact that it’s digital and new and supposedly “mysterious” doesn’t make it invincible or inevitable.
As Buffet said it’s logical value $O.
Money is a medium of exchange. No more no less. It can take many forms.
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True, Just ask the Dutch how their Tulip bulbs worked out. At least they had a few pretty flowers left after they lost everything.