bananas to exchange for oranges
The same is true for bananas although they never became money. Because I expected to be able to use bananas to exchange for oranges, I valued (and demanded) bananas and sold apples to acquire them (even though I did not want to consume bananas). Because bananas were a medium of exchange, market demand (and therefore price) increased How does this apply to Bitcoin? Theory is used to uncover and understand what is actually going on. Bitcoin is certainly a medium of exchange, but it is not yet money. Some (perhaps many) expect it to become money, and therefore acquire it. This increases its demand. Many others invest in Bitcoin as an asset, speculating that it will go up or at a minimum not lose value. This also increases its demand. But there is a difference between being in high demand and being a money: the latter implies the former สล็อตเว็บตรง