Its real-world utility is minimal (2/10)


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Though companies like Tesla are adding fuel to the Bitcoin craze, the reality is that it's not exactly a preferred form of payment. An analysis from business funding company Fundera found that approximately 2,300 U.S. businesses accept Bitcoin. There are more than 30 million businesses in the U.S., including sole-proprietorships, and about 7.7 million that employ at least one other person. After a decade, Bitcoin has hardly made a dent on the utility front.

Also, don't forget that a vast majority of tokens aren't actually in circulation. Investors are holding on to them, which further limits Bitcoin's ability to be a medium of exchange.


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