As Bitcoin Turns 10, BitMEX States That Bitcoin Is Physical Cash In Digital Form


For all of the aforementioned reasoning, BTC can be attributed as the new hybrid form of money that has the best of both worlds, physical cash, and bank deposits. The report further states that the currency provides a “middle ground option” because it is positioned in a way that it can have “a subset of the features of each”, as the downside of the coin is that it does not have all the advantages of neither electronic money nor physical cash. It stated:

“For example, Bitcoin may never have the throughput of traditional electronic payment systems or the ability to use without electricity such as with physical cash. Although as technology improves, Bitcoin may slowly develop more strengths and gradually improve its capabilities, to narrow the gap.”

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