Consider the real-world worth of alternative currencies, such as Bitcoin, as well as the functions of money described in your etext** (key terms to use are below). Watch: Are Bitcoins and Unusual Hats the Future of Currency?https://www.youtube.com/watch?v=E_9R45RLNR0

Incorporating the functions of money, as well as the inherent virtue (or lack thereof) in traditional fiat currency, answer the following questions:

1) Do alternative currencies have real world worth? What are the pros and cons of the expanding popularity and acceptance of these forms of money? This requires some additional research on the current state of these alternative currencies in answering the questions.

Money is any medium that is universally accepted in an economy both by sellers of goods and services as payment and by creditors as payment for debts.

**The functions of money include:

Medium of exchange

Unit of accounting

Store of value (purchasing power)

Standard of deferred payment