Is Bitcoin a currency?

Well, Bitcoin is not a currency at all. Bitcoin is a system for payments, or profiteering or even a type of discounted cards but the one only thing that it cannot be is a currency. Also, Bitcoin mining has become so decentralized that six transaction confirmations now provide “complete protection” against double spending.
Its closer to an asset with a fluctuating value that you invest in and hope that it might net a profit at some point. It won't be a currency any time soon, its too complicated for normal people.
Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middlemen – meaning, no banks!

Bitcoin is a digital asset designed to work in peer-to-peer transactions as a currency. ... However, as of 2015 bitcoin functions more as a payment processor than as a currency. Economists define money as a store of value, a medium of exchange, and a unit of account.

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