- First, it should be used as a medium of exchange so that people can use it to buy and sell. This is the most promising feature of blockchain technology, as it facilitates transactions. peer-to-peer in various sectors of activity.
- Secondly, it must be a store of value. But because of the volatility of Bitcoin prices, this cryptomony does not meet this requirement. According to a report by Goldman Sachs, bitcoin was six times more volatile than gold in 2017.
- Thirdly, it must be a unit of account, that is, a unit used to represent the actual value or actual cost of an item. Again, because of its volatility, only a few companies are currently prepared to accept Bitcoin before they know the details of its conversion into their national currency.
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