It is a radically new and experimental type of money with a unique set of strengths and weaknesses. In some situations it is currently superior to all other opt

It is a radically new and experimental type of money with a unique set of strengths and weaknesses. In some situations it is currently superior to all other options. Bitcoin is available anywhere the internet is available (so it cannot be censored), and has a relatively low, flat transaction fee. This gives it utility in money transfers. It is also secured with cryptography and anonymous (yet not completely un-traceable), giving it utility for storing value.