Is bitcoin a good substitute for fiat money? What are some bitcoin characteristics that make it superior to fiat money? In his book The Bitcoin Standard, economics professor Saifedean Ammous suggests that bitcoin has the necessary characteristics to become the global monetary standard. Specifically, bitcoin has what Ammous calls good “salability”—that is, the ability to transmit value. Let’s examine bitcoin’s salability across three dimensions: scale, space, and time.
3 Bitcoin Characteristics That Make It Superior to Fiat Money
