Currency character: a comparison
| Currency characters | Fiat currency | Gold (commodity) | Commodity currency | Bitcoin (cryptocurrency) |
|---|---|---|---|---|
| As medium of exchange | Yes | Yes | Yes | Yes* |
| As unit of account | Yes | Yes | Yes | Yes* |
| As store of value | Yes (subject to inflation risk) | Yes (subject to commodity price risk) | Yes (subject to dilusion of quality) | No (subject to high exchange risk) |
| Currency characters | Fiat currency | Gold (commodity) | Commodity currency | Bitcoin (cryptocurrency) |
|---|---|---|---|---|
| As medium of exchange | Yes | Yes | Yes | Yes* |
| As unit of account | Yes | Yes | Yes | Yes* |
| As store of value | Yes (subject to inflation risk) | Yes (subject to commodity price risk) | Yes (subject to dilusion of quality) | No (subject to high exchange risk) |
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.