Can Bitcoin Act as Money?

Since 24 January, bitcoin has risen 65% and gold rose about 7% priced in US dollars. Before gold began its current successful but relatively modest leap into new high ground, there is little doubt that hedge funds and others sold down their Comex gold contracts and bought some bitcoin ETFs instead. The listing permissions for bitcoin ETFs made regulated investment possible. And attracted by the limitations of supply, an investment cohort moved in for the kill.

This raises the often debated quest...