CNBC Video Says Bitcoin Is Store Of Value But Not Currency, Misses The Big Picture

CNBC Video Says Bitcoin Is Store Of Value But Not Currency, Misses The Big Picture



A recent CNBC.com video dealt with the current use cases for Bitcoin in the U.S., featuring a conversation discussing the merits of Bitcoin as a currency. Not surprisingly, many mainstream misunderstandings were showcased.

“People aren’t really using bitcoin to buy everyday items, and that is partly due to the fact that not a lot of retailers give them the option to spend it,” said CNBC.com digital correspondent Mackenzie Sigalos in the video. “You do have [some companies] that will let you use your crypto wallet directly in their website or in person but this is the exception to the rule.”



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