“in 2009 we saw the emergence of a digital asset that is considered a return to commodity money. bitcoin has all the most significant properties of both commodity and fiat currency. it shares scarcity and divisibility with commodity money, other than a limited supply of a maximum cap of 21 million coins. like gold, bitcoin is a bearer asset, and its supply is extremely difficult to increase.

similar to fiat, bitcoin can be divided into smaller units, with the smallest unit being one hundred millionths of a bitcoin, known as a satoshi. combined with unique decentralization and censorship resistance characteristics, bitcoin is the most sound, complete and optimal type of money humanity has ever known.”

https://bitcoinmagazine.com/glossary/commodity-money?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share