Swedish Central Bank Sveriges Riksbank said in a statement on its Twitter account that for Bitcoin to be accepted as a currency, it must meet three serious conditions. These three conditions are that it is a means of payment, that it functions as a store of value, and that it is a unit of account. According to Sverigees Riksbank, Bitcoin and other cryptocurrencies are assets rather than currency.
Bitcoin Is Not a Value Saver
The Swedish Central Bank states that Bitcoin is not a value saver due to its extreme volatility. A currency must have a substantially fixed price over time.
