Grayscale Classifies Bitcoin and Three Altcoins as Digital Money

Grayscale has categorized Bitcoin and three other cryptocurrencies as digital money, citing their ability to serve as a medium of exchange, unit of account, or store of value. Bitcoin is labeled as 'digital gold' for its role as a decentralized store of value. The firm also includes XRP, noted for facilitating global transfers, and Litecoin (LTC), described as 'digital silver' due to its fast settlement times.