“Bitcoin is the World’s Hottest Currency, but No One’s Using It,” the Wall Street Journal proclaimed on Saturday. The day prior, the digital currency had surged past $10,000 per coin—and then past $11,000, too. But despite Bitcoin’s value, the paper explained, brick and mortar stores have been slow to accept it as a method of payment. Thus, some observers are becoming pessimistic about whether this tech-hipster cryptocurrency, which everyone has heard of but most people don’t truly understand, will ever replace traditional currency. “I don’t think it will be a currency,” bitcoin investor Alex Compton told the Journal. “If people use it as a currency, it will lose value as an investment.”


Read more