Bitcoin vs. fiat currency

Bitcoin is smart money, and people who consider themselves smart always want to deal with smart money.

Bitcoin and other altcoins, which can collectively be described as crypto for the sake of simplicity, have a clear advantage over fiat currency.

Crypto is modern, “technological” money, while fiat currency is “traditional”, outdated money.

Based on the assumption that money, either crypto or fiat, primarily serves as a means of transaction, crypto is more advanced than fiat in many ways, for example, as a result of making use of the blockchain technology, and in this sense, crypto well deserves to be regarded as the means of transaction of the future.

Demand and supply laws also apply to crypto

Another important assumption has to do with the fact that crypto follows the same demand and supply laws that apply to fiat money, and is not an exception to these laws.

Advanced technology does not make these laws void.

At this point, the use of crypto as an investment vehicle and store of value enters the picture, and affects its use as a means of transaction.