Hello. I am Rachel, a 14 year old student from Scotland who chose to study Bitcoin for my Economics project. I have spent a long time reading articles and getting to know how Bitcoin works. To be honest, after hours of reading I still only have a basic understanding of the system!

I chose Bitcoin as my project topic because the concept interested me. Here I saw something that began less than a decade ago come from being worth almost nothing to over $1000 per BTC and I was curious about how it gained it's value so quickly.

Straight to the point, I would be extremely greatful if you guys could answer several questions that would help me strengthen my project.  

1. What exactly do you consider bitcoins as; a currency, commodity, or something completely different?

2. Do you see Bitcoin competing with fiat currencies ($) in future?

3. Do you see Bitcoin as a potential Global Reserve Currency?

4. In general, what do you see Bitcoin achieving/becoming in the next few decades?

Any opinion would be greatly appreciated.

Thanks for your time!

Rachel