Yes, today money is virtual until you get some from the ATM. The difference between BitCoin and "normal" money is that banks are under a charter that has been hundreds of years in the making, and must respect financial obligations that have been polished and tweaked by law for centuries.
BitCoin, on the other hand, thrust itself into existence and, as its very first act, declared itself to be immune from all that legacy law and experience.
That is why you'll never hear of a bank hacker getting away with millions. There are breaches targeting user credentials, there are isolated thefts on one user account now and then due to insecurities with online banking, but there are no mainframe attacks on central databases. With BitCoin, there are.
Now that a judge has declared that BitCoin is not funny money, I'm just waiting for all the BitCoin trading to be force-folded into signing up for a proper banking statute world-wide and getting up to speed with what it actually means to be a responsible trader.
My guess is that all current BitCoin trading places will fold because none of them have any actual finance experience and actual banks will pick up where they left off.
Time will tell.