Latest academic research conducted by Imperial College London claims that cryptocurrencies like Bitcoin already possess at least one characteristic of traditional fiat currencies. Professor William Knottenbelt and Dr. Zeynep Gurguc are proving in their studies that cryptocurrencies have a store of value, which is one of the three criteria of traditional money.
https://block-chain.com/news/cryptocurrencies-could-turn-into-prevalent-payment-method-in-the-next-10-years
