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WCP: Billionaires and Their Bitcoin

  • Broadcast in Education
Faheem Shuaibe

Faheem Shuaibe

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How does Bitcoin measure up to these five properties:

Divisibility: you can buy, hold or sell Bitcoin at different scales

Durability: it is digital and cannot corrode over time 

Recognizable: each trading party can verify its authenticity on the blockchain

Portable: Bitcoin is digital and therefore can easily move across space and borders fast and efficiently.

Scarcity: Bitcoin has a total capped supply of 21 million coins. There is no way more can be created; demand is increasing and therefore increasingly scarce.

Bitcoin ticks all five boxes as a medium of exchange (money).

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