Financial specialist professional Doug Casey, author of Casey Research, has changed his point of view on what Bitcoin is and is most certainly not. Beforehand, Casey held a blended perspective of cryptographic forms of money, questioning on the off chance that they had the fundamental rule that make a cash.
Be that as it may, after further research and thought, Casey has certified his view that Bitcoin is, in reality, cash. This assessment depends on five rule that make up a money - solidness, consistency, detachability, comfort and ease of use.
Among these five criteria, Casey says, he has dependably trusted that Bitcoin meets every one of them pleasantly, except for ease of use. His worry beforehand was that Bitcoin had minimal true utilize cases. Casey, nonetheless, has altered his opinion, saying:
The problem I had with Bitcoin to start with was the fifth point: does it have use value in itself, so you can’t get stuck holding the bag? And I said that was the problem with Bitcoin. But I was wrong about that… The bottom line, Bitcoin passes the medium of exchange test for the moment and store of value test for the moment. So you can definitely say it’s money - for the moment.
Bitcoin bound to fall flat?
Casey's remarks mirror the conclusions of different investigators, including the Economist, which reverberated Casey's remarks, saying that Bitcoin is to be sure cash. The article utilized tests for esteem in view of the celebrated internationally financial expert Charles Kindleberger, who composed the quintessential examination of rises in 1978.
Casey, notwithstanding, goes ahead to state that actually Bitcoin can and will change. He finishes up by saying, "I have little certainty Bitcoin will be here say a long time from now."