Bitcoin as a digital currency enables direct online transactions between parties, eliminating the requirement for traditional financial institutions. Opinions on Bitcoin vary, with some seeing it as a potential game-changer for finance, while others see it as a speculative asset that poses risks to global financial stability. However, the concept of e-currency is evolving and gaining traction, Bitcoin has become the most prominent and widely accepted form of online payment. Each Bitcoin is represented as a unique digital entry in a virtual wallet on a device, enabling users to send and receive bitcoins. Every bitcoin transaction is logged in a public list called the blockchain, allowing for transparent tracking of ownership and preventing unauthorized transactions. Bitcoins have value on their own, facilitating global transactions between parties without revealing your identity. Nations such as the US, Canada and Australia have established regulatory guidelines for Bitcoin, its legitimacy is limited to specific contexts and remains distinct from their official currencies. The objective of the current paper is to examine the long-term viability of Bitcoin and evaluate the likelihood of it being an internet bubble.