Question

1. What have been the percentage change in the value of Bitcoin (Links to an external site.) expressed in U.S. dollars over the last 30 days? Describe the one-year change and five-year change in the value of Bitcoin? Do you detect a trend?2. Is Bitcoin (Links to an external site.) money? Does Bitcoin fulfill the functions of money that are explained in Chapter 14 (Links to an external site.)? Discusswhy or why not? If you conclude that Bitcoin is not money what is it? Explain.3. Have you/would you invest in Bitcoin or another cryptocurrency? Why or why not?

Answer 1

Answer and Explanation:

1. Percentage change in the value of bitcoin for the last 30 days in US dollars = 18370-12885.75= 5484.25/12885.75*100= 42.75%

2. Bitcoin is currently used as money and considered legal for such purposes in countries like US, Canada, Japan, UK. It is generally not accepted and considered legal tender proper yet

3.