Why Bitcoin is failing as a currency ?

For all kind of latest news update on bitcoin & altcoin Free Crypto Trading Signals Join https://t.me/btctradingclub

Bitcoin become of the project, intended as peer-to-peer electronic cash that didn't require the supervision of banks. Instead, bitcoin has become an investment vehicle, embraced by many on Wall Street, an asset class like every other. For all the success of the blockchain and bitcoin's soaring value, it's clear that Nakamoto's original vision has failed.

Bitcoin was Nakamoto's deliberate attempt to undo this by building a digital equivalent to gold.

And boy, did it work. In the past 12 months, the value of bitcoin has risen from a low of $777.91 up to a high of $17,178. The currency has always been volatile, but for a while its ceiling was around the thousand-dollar mark. Prices began to surge in the second half of this year, and TechCrunch's John Biggs believes that this new surge was entirely due to the investment community. On Dec. 10th, CBOE Global Markets began offering investors the chance to bet on the future health of bitcoin in the same way they can for any other futures market.