US Congress Concludes Bitcoin as ‘Investment Vehicle’

Although price data on Bitcoin illustrates the public interest in overall demand for this cryptocurrency, it is a poor indicator of how often it is being exchanged for goods. United States think tank the Congressional Research Service (CRS) in its report suggests that Bitcoin (BTC) and cryptocurrencies are used as a speculative investment tool and not money. If further states: “…show that digital currencies are not being widely used and accepted as payment for goods and services,”

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