Why Bitcoin Is Better Than Other Currencies Judging by the properties a currency needs to thrive, Bitcoin stacks up well against its rivals.

By Ray Hennessey Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Bitcoin may be the "it" currency right now, but, truth is, people have used all sorts of odd things to buy and sell goods, from bones to gold to tulips to Deutsche Marks.

The question is, will Bitcoin last like gold, or fade like tulips?

The Foundation for Economic Education produced a neat video that seems to suggest Bitcoin is here to stay, at least when you look at what properties a sustainable currency needs. In fact, Bitcoin looks a lot better than the greenback.

It's uncertain whether it is a fad or the way the world will trade goods and services. But, after watching this, you can't help but have a lot more faith in Bitcoin than in fiat currency.

Ray Hennessey

Former Editorial Director at Entrepreneur Media

Ray Hennessey is the former editorial director of Entrepreneur.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Zillow Predicts These 10 Places Will Have the Hottest Housing Markets in 2025

Zillow predicted that the hottest housing market of 2025 will be Buffalo, New York. Here's why.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

5 AI Books Top Entrepreneurs Are Reading in a Rush for 2025

Entrepreneurs must embrace AI or risk falling behind. Discover 2025's top 5 AI books to gain a competitive edge, featuring insights from "The Wolf is at the Door" and a free AI Success Kit.

Growing a Business

AI Adoption Doesn't Have to Be Daunting Anymore — Here's How to Choose the Right AI Tools For Your Small Business

As 2025 begins, AI adoption may still feel daunting for many business owners — but it doesn't have to be. Here's how to pick the best AI tools for your needs and integrate them wisely into your existing systems.

Growing a Business

Want to Build a Digital Business? Here's the Framework You Need to Succeed.

The article emphasizes how ISO 20000-1 serves as a strategic tool for entrepreneurs to structure entirely digital businesses.