Bitcoin currently serves as a medium of exchange because there are people around the world who are willing to accept Bitcoin as a form of payment in exchange for goods and services even though it has not become legal tender in their countries. Bitcoin is already fulfilling one of the three characteristics of money, whether in the United States where people accept it of their own free will or in El Salvador where it is legal tender, whether people are obliged by law to accept it or not, it is a fact that Bitcoin is used as a medium of exchange. So it can be said that of the three characteristics of money, one is completed, albeit poorly. My question is if it fulfills the function of medium of exchange does that mean that it also fulfills the function of unit of account?
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