The Bitcoin Standard

good purchased not to be consumed (a consumption good), nor to be employed in the production of other goods (an investment, or capital good), but primarily for the sake of being exchanged for other goods.

Being a medium of exchange is the quintessential function that defines money

Bitcoin is the newest technology to serve the function of money—an invention leveraging the technological possibilities of the digital age to solve a problem that has persisted for all of humanity’s existence: how to move economic value across time and space.