Bitcoin: Currency or Speculative Asset?

This chapter explores the complex relationship between Bitcoin and its viability as a currency, examining its historical journey and the factors influencing its adoption. It critiques the current state of Bitcoin's use in countries like El Salvador and discusses the implications of its inclusion in Exchange-Traded Funds, highlighting the ongoing debate over its speculative nature. The chapter emphasizes the critical role of government endorsement in transitioning Bitcoin from a speculative asset to a widely recognized currency.