Professional services company Ernst & Young (or more specifically, an expert on digital currencies at the firm) says that bitcoin should be seen as a payment system, and not as a currency.
“Fiat currency is essentially currency the government decrees to be legal tender,” said the expert, Roger Willis. “Bitcoin wasn’t really developed to be a replacement for fiat currency.”
Willis said “[bitcoin] was really developed to be used in ecommerce and for micro transactions. It wasn’t really to replace our sterling, our us dollars, and our euros.”
Some consider the company’s statements to be made out of fear that bitcoin may in actuality gain more traction, but the company insists they have a “balanced view” on bitcoin, but they’re just simply not seeing as a replacement for fiat. (via The Guardian)
FreeJack 
Because he developed Bitcoin and can therefore tell us definitively what it was and was not developed to be, right? In fact, yes, Bitcoin WAS developed to be an electronic currency…read the whitepaper. A lot of these finance guys want to downplay Bitcoin as currency because they have a vested interest in the success of the dollar…hoping to make everyone ignore the fact that the dollar is standing on EXTREMELY shaky ground, right now.