Is cryptocurrency money? It depends on what kind of cryptocurrency you mean, and what money qualities are important to you among many of them.
For our analysis, we selected some “typical” representatives of Cryptocurrency. ( Neither we assume that these representatives are the best in their kind, nor we recommend that you use them).
- Cryptocurrency Bitcoin (BTC) as a representative of classic cryptocurrency concept.
- Cryptocurrency Tether (USDT) as a representative of Stablecoins
- NFT-based Central Bank Digital Currency (CBDC)
You will decide whether cryptocurrency is money for you, in 10 minutes, after reading the PDF document below.
Well, if not, at least you will know where to dig deeper.
Please note that whether or not cryptocurrency is money is irrelevant to whether buying cryptocurrency is a good or bad investment. We do not give you any investment recommendations.