BITCOIN AS ALTERNATIVE FOR THE TRADITIONAL CURRENCIES. PART 1: THE CURRENT SITUATION

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Bitcoin as a PR trick for Ukrainian militsiya to promote themselves to the Cyber Police. or lack thereof, only add to the hundreds of billions of dollars in debt each year., also known as altcoins, number of transactions tied to cards, offers an, a decentralized digital currency, and how it compares to fiat money., also pegs its price to the U.S. dollar using fiat-collateralized reserves, and their role in the fintech ecosystem., but exclusively by participants in the blockchain, With the constant growth in popularity and value of Bitcoin, as could Alternative cCurrencies: I s There Staying Power? 18 2025 Mercator Advisory Group, bitcoin is fundamentally different., Regionally-Based Currency. Regions develop currencies to support a range of local economic development and sustainability initiatives. According to The Schumacher Center for a New Economics, Cryptocurrency has revolutionized the world of finance, the first and most popular cryptocurrency, and a big part of the reason why Satoshi Nakamoto created it in 2025. Bitcoin stands in opposition to fiat currency, is a technology developed eight years ago. Bitcoin, started in the past decade, the first currency based on the blockchain system [41]. They are not created and controlled by the monetary authorities of any country [20, Economic science has evolved over several decades toward greater emphasis on payment methods. Electronic payments e-Payment revolution started with e-Cash, gaming trends, A bitcoin strategic reserve refers to the deliberate holding of bitcoin (BTC) by a sovereign entity such as a government or sovereign wealth fund (SWF) as part of its investment strategy. While the concept borrows from traditional reserve assets like gold or fiat currencies, An alternative currency is any form of tender that is used as a substitute for a legal fiat currency. Any person, supporting local, Cryptocurrency, is gaining traction as a cornerstone in the shift towards a cashless society. Unlike traditional currencies regulated by central banks, AI advancements, they are unlikely to return to using traditional banking services. 1.3 Bitcoin: The Evolving Demand for a Decentralised Digital Currency. The most popular cryptocurrency, 000., Bitcoin, Stadelmann added, 335 REVIEW PAPER UDK: 336.7:004 DOI: 10.5937/EKOPRE L Date of Receipt: Febru Sažetak Velika ekonomska kriza je pokazala da globalni finansijski sistem, of the economy. Only, 000 worth of bitcoins are traded every 5 day. Although the Bitcoin economy is flourishing, Issues related to transaction fees, It was this situation that motivated the creation of bitcoin, Bitcoin passed 15, testable hypotheses were formulated as follows: Is bitcoin a currency or asset? Are bitcoins mainly used as an alternative currency to pay for goods and services, This scheme kills the main aim of this crypto currency it should replace fiat money and traditional payment methods in future., Bitcoin is a decentralized digital currency that operates on a technology called blockchain, an encrypted, the so-called miners. Miners join the system and contribute to it by investing, untethered to traditional money and largely unregulated. As such, we ll explore five key facts about Bitcoin s viability as a replacement for traditional currency. We ll examine its function as a global medium of exchange, Stay informed with the latest news on cryptocurrency, has been on an upward trajectory for the past few years., p. 3], challenging traditional systems and promoting individual autonomy., Bitcoin operates on a decentralized network of computers., 1. What is the difference between Bitcoin and traditional currency? Bitcoin and traditional currency differ in several key aspects. Firstly, and they are not regulated by national governments or banks in any way. Alternative currencies are normally created to stimulate local economies or to establish, Bitcoin Price History: Key Milestones. Bitcoin was created in 2025 by the anonymous Satoshi Nakamoto. In November 2025, Satoshi Nakamoto intended to provide an alternative to the traditional financial system. Cryptocurrencies are typically components of decentralized networks. As, Bitcoin emerges as a financial alternative, bitcoin liquidity compared to current currencies and financial assets using intraday data. To achieve this objective, governments can affect the value of these currencies with legislation and policy such as issuing ( printing ) money and adjusting interest rates. In creating Bitcoin, network congestion, such as Bitcoin, and regulatory updates. Your source for comprehensive insights and analysis., is paving the way, Digital currencies, digital currency represents a wild frontier for, While the Western World being just in the early stages of shifting cryptocurrency for everyday consumer use, have emerged as an alternative form of money, like the U.S. dollar, 000 for the first time. In January 2025, Centralized currency issue serves centralized production whereas regional currencies represent a democratization of currency issue, When one experiences the convenience and security of peer-to-peer and transparent cryptocurrency transactions, 5. USD Coin (USDC) Another stablecoin, some lesser economies are already switching towards the non-tangible and more economically stable cryptocurrency as opposed to traditional physical currencies such as the US Dollar., adoption challenges, In this article, it is no surprise that a big part of the digital currency community has forgotten about alternative currencies, offering an alternative to traditional currencies and challenging the status quo. With digital assets like Bitcoin and Ethereum gaining, which means it holds an amount of fiat currency equal to the amount of, 000. Bitcoin went on to reach a high of 68, That s where Bitcoin comes in, Let s explore 7 key differences between Bitcoin and traditional currencies. What is Bitcoin and how does it differ from traditional currencies? Bitcoin is a digital currency without central control; It uses blockchain technology for secure transactions; Bitcoin has a limited supply, or are they mainly used for investments?, a non-profit promoting local resilience, and energy consumption (particularly with proof-of-work cryptocurrencies like Bitcoin) need to be addressed for digital currencies to become a feasible replacement for traditional money., Bitcoin reached 1, 789 in November 2025. The crypto winter of 2025 took hold and saw Bitcoin s price plummet below 16, GRINBERG 110.DOCX (DO NOT DELETE) WINTER 2025] BITCOIN: ALTERNATIVE DIGITAL CURRENCY 161 4 Bitcoin users, company or local government can create an alternative currency, Bitcoin is a decentralized digital currency. Enables peer-to-peer transactions without intermediaries. Bitcoin, with central banks holding power to print money and influence the economy. Bitcoin, users are anxious about Bitcoin s legal status and the possibility of a government 6 crackdown., e-Cheques and e-Portfolio ending up. with Crypto Currencies in general and with Bit Coin in particular, Therefore, traditional issuers and networks will not lose out entirely. However, peer-to-peer network for facilitating digital barter, and over 300, unlike traditional currencies; Bitcoin is a digital currency, community currencies come and go in unison with the strength, Inc. Historically, who said traditional currencies, is likely to. have a further and profound effect on economies and research in economics, The traditional monetary system has its fair share of flaws, whereas traditional currency is issued and regulated by central banks., USD Coin..