Bitcoin as Currency
Whenever we talk to people about bitcoin, one of the first things they mention is the current bitcoin price.
The bitcoin price is determined by its users under the free market principle of supply and demand. Although the bitcoin supply is limited to 21 million "coins" in total to be reached by 2140 no huge demand exists for this digital currency just yet. As bitcoin matures further over the next few years, that story might change.
Why 21 million? Nobody knows. Some believe it's a mathematical equation that brings us to the amount of coins available until the year 2140 with the rewards being halved every four years
Keep in mind bitcoin is a payment method that can be use online and in the real world as well. However, that dose not make bitcoin a currency, because it lacks certain aspect of the ground rules.
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