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The cryptocurrency, Bitcoin has experienced a lot of fluctuation/volatility in prices. In 2020 alone, the price of Bitcoin was as low as $5000 and as

The cryptocurrency, Bitcoin has experienced a lot of fluctuation/volatility in prices. In 2020 alone, the price of Bitcoin was as low as $5000 and as high as $18,000. Given this,

A.

Bitcoin would fit the definition of money, as it holds its value over time.

B.

Bitcoin would fit the definition of money, as it would be widely accepted as a standard of deferred payment.

C.

Bitcoin would fit the definition of money, as it works well as a unit of account.

D.

while it is a speculative asset, it does not perform the functions of money

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