Bitcoin outperforms conventional currencies in a number of ways. It cannot be manipulated or devalued because it is decentralized and not controlled by any government or financial institution. Additionally, it lacks borders, allowing it to be sent worldwide without the need for intermediaries.

However, there are some drawbacks to using bitcoin. Its value is extremely volatile and can change a lot in a short amount of time. Additionally, it is not widely accepted as a method of payment, preventing it from being utilized to purchase goods and services in many locations.