Although Bitcoin is generally considered a new form of money, it is much more concise.
Bitcoin is a multi-tiered financial ecosystem that has its own financial system. Because of this financial system, Bitcoin is independent of today's existing financial and financial system.
Bitcoin's domestic currency system is its main achievement and an innovation. For the past two decades, people have been trying to recreate money using fintech. Although the Fintech innovation has resulted in many attractive financial applications, they were all tied to the traditional Fiat system. The real innovation in money and finance has only started with Bitcoin.