Crypto Is Not a Currency -- It's More Like a Stock Option
Crypto is a new asset class. We call cryptocurrencies "coins," so a lot of people are confused about why anybody would buy a coin when it's pretty hard to it use for making a purchase. Maybe one day in the future, we'll be able to buy a steak dinner with our crypto winnings. But right now, you can't do that. Right?
Well, let's do a thought experiment. Say you walk into an Outback Steakhouse, and you're on a date. You're between jobs at the moment, but you're making money with all your crypto investments, and you want to celebrate. So you two have a wonderful dinner, and then the bill comes. You pull out your smartphone and ask, "Do you take Bitcoin (CRYPTO:BTC)?" And the waiter says, "No, this is the Outback. You need to pay with dollars, mate."
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Source Fool.com
