Bitcoin Forum

NYU's 'Dean of Valuations' Says Bitcoin Is a Currency, Not an Asset
https://www.coindesk.com/nyus-dean-of-valuations-says-bitcoin-is-a-currency-not-an-asset/

I’ve watched Aswath many times on CNBC over several years. I’ve used his spreadsheets to value companies and stocks. He seems to be the go-to guy to value specific companies on CNBC.

I agree that you cannot value Bitcoin, but only price it and trade it.  However, I disagree with him that it’s not an asset.  I think Bitcoin can be both a currency and asset.  In fact, it is more of an asset than currency right now.  I disagree with him that an asset has to “generate cash flow”.  Gold does not generate cash flow.

What does the community think?  Is Bitcoin an asset, currency or both?

Actually both, you can collect coins as an asset and you can use it for local or online shopping or a payment for services and even send it to someone the same with cash remittance.

At the moment probably more an asset than currency, the transaction cost is far too high on bitcoin, which means buying a coffee with is not economically viable. Also as a currency it's just not very widely accepted yet.

this has been answered multiple times in this forum and it seems that it will still be answered again and again. Yes for now it is more likely an asset rather than a currency. As for so many people around here they prefer it being an investment intead of being used as day to day currency.

To me, bitoin is both property and money. I can stock or sell bitcoin as a property and use it to exchange, buy, sell or pay like money.

I think the two are also a valuable asset and many people recognize it as a kind of money when you have earned a bitcoin, it is a valuable asset with quite a few countries with the recognition Bitcoin is a currency however it may later be a major payment method in the world along with gold and dola coins.

I see it as a bit of both, but more of an asset than currency at this time.

In my opinion, it is both an asset and a currency. I can decide to stock/collect bitcoins for keeps or sell them, specially because it's value increasingly grows. I also have the option to use is as payment for goods and services that I want or may need.

Bitcoin is a currency ..

actually both. But at the moment i would rather say asset than currency for the following reasons:
- somehow high transaction fees
- the time it takes to fullfill a transaction
- the opportunities where you can pay/get btc in regular daily life

Right now bitcoin is probably viewed by most and used by most as an asset, however longer term this will probably change to that of a currency as it begins to be accepted in more more and places. Ultimately many people who own bitcoin do not own it because of its potential as a currency they own it because they are speculating on the price, as one would with an asset.

Currently, Bitcoin is much like an asset. For all intents and purposes, it's impractical to use as an everyday spending method. Most people who use Bitcoin are using it as an investment or a store of value, not to buy things. If I want to buy something for $10, I'm not paying $3 of fees. That's ridiculous.

Bitcoin is both asset and currency. In terms of asset bitcoin as of now is a big asset because if you look the price value of it is big enough and if you have 1 bitcoin or more meaning you have a big amount of money. Since bitcoin now is 7,200 USD and more and you keep it and invest it now it your asset. In terms of currency bitcoin has the same use of any currency even the main use of it is in virtual transaction only it is considered as currency.

But a property is different from an asset. Property are the things that you own while the term "asset" are in businesses and companies. But it is right, bitcoin is the same, it is a currency and an asset of one's people. Asset because it is a valuable thing, people can say, bitcoin is an asset of that person. Currency because it is being used and accepted as one.

Bitcoin is both currency and asset. Bitcoin is a digital currency. It works almost same as other normal currencies and it is an asset also.

of course it is both a currency and an asset,
but it is growing more as an asset and less as a currency.
i am reading more and more of new investors getting into bitcoin and these are not using it as a currency!

this is an example taken from https://newsstand.google.com/articles/CAIiEM4K9XByPgCQTeiPrSVJ_zQqFAgEKg0IACoGCAowxIEBMKAYMNk_

"Bitcoin Surges To New Record High As CME Launches Bitcoin Futures In Q4Zero HedgeTyler Durden · Oct 31, 2017

As the mainstream continues to embrace cryptocurrencies - much to the chagrin of Jamie Dimon et al.
in the establishment - CME Group is "responding to client interest" and launching a Bitcoin Futures contract in Q4.

CME Group says new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves
as a once-a-day reference rate of the U.S. dollar price of bitcoin.

This news has sent Bitcoin back up to record highs..."

I also think that this is a unique technology, which is both a coin and an asset and a payment system. These are the newest technologies that will change our lives

Ofcourse bitcoin is crypto CURRENCY ASSET because this is profitable for all people.

Bitcoin is an asset, not a currency.There is no large-scale application and circulation in real life

Bitcoin is still considered currency as it can be used to trade commodities and this is often the case in Japan as it was the first country to accept Bitcoin. I think if Bitcoin is listed on stock exchanges, there will be a lot of possibility to compete directly with USD.

I feel that it's both.  It could go up or down a lot more than a currency, which makes it an asset, but it's also a currency as it's used as money.

Yes. Bitcoin is a currency that we can use to shop online and it is really called most as a virtual currency. Many of us use bitcoin as an asset because bitcoin price is now increasing and i think it is the time for the people to invest.

both.. bitcoin as an asset and currency.. if we look at the bitcoin price more increase day by day, we can saving bitcoin as an asset. and bitcoin can use as a payment methode, right now some online shop accept bitcoin as a payment, and bitcoin can use in some countries who accept bitcoin..

To me, I believed it's an asset and also a currency. However, after reading the following articles, I began to doubt my belief.  ::)

Bitcoin Is An Asset, Not A Currency (https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#4cdfe40b2e5b)

Bitcoin - An Asset Or Currency? (https://inc42.com/resources/bitcoin-currency-asset/)
 

Indeed. It is both because you can use it as an asset and as an currency. I prefer to use it as currency where I can exchange it in valuable things. In addition to that, you can also use it as investment and we all know that it is good for long term investment and its because of the price.

When people send BTC to pay for something or move money, it's currency.
When I see people save already in BTC long-term (even for retirement) it's asset.

So, this way, we know Bitcoin is both and even more.
It's also grand crypto-fund, you can exchange all altcoins for BTC and vice-versa.
There is not bigger foreign exchange office around the World that could compete with Bitcoin.

Its like kind of both actually little bit of both in my opinion....

I see from the development of bitcoin to date whose value has reached more $ 7500, that bitcoin is an asset and currency. why asset? because now many people start to trust bitcoin for investment and take advantage of bitcoin as assets of their property.
why the currency? because many people who use bitcoin to meet their wants and needs, ranging from paying electricity, shoping, and others.

I would argue that bitcoin is a currency, not an asset. we see in some countries, bitcoin has been used as currency. maybe in the future also the world will make bitcoin as the only currency. to be called an asset, I think there are still many people who do not understand the bitcoin, so to make future assets is still small possibilities.

To me, bitcoin serves both, as money and assets. Because I can buy something using bitcoin and can hold bitcoin until the highest price as an asset.

I believe that it is both an asset and a currency but is really a currency, it is just that its market value is continuously increasing unlike any other currency which made it an asset. Users and investors are earning huge profit because of the increase of its value. It is only an asset to those who live in countries where it is not yet legal. And i think this simply explains, that the function of Bitcoin varies on the country you're at.

I too agree with your statement here. Bitcoin can serve both purposes with equal efficiency. However, with the rising price of bitcoin around the world, I have chosen bitcoin as an investment asset over the transaction medium. Because the growth of bitcoin has simply outrun any other asset around the world. No other conventional investment can fetch that much return what bitcoin can get us. So even if bitcoin can facilitate transaction over the network, it looks brighter as an investment asset to me.

Nice thank you for this news. I also noticed that some major foreign exchange like fxtm is now adding btcusd pairs. This is great because it will add more volume and demand for bitcoin. maybe this is the reason why is btc is at the peak now

I can considered both because bitcoin can be an asset and as currency. It has a lot of advantages to the users we could buy goods and services. And we can say it is currency and as an asset ofcourse a lot of more to offer.

Actually, you can say asset and currency both but it a currency because you can use it as an asset and as a currency.it has market value.I chose bitcoin as an investment asset Because the growth of bitcoin.its price is going up day by day.

It's an asset rather than a currency, but always have a strategy in whatever you put your money.

I think bitcoin is an asset not a currency. because bitcoin is used not to replace the currency but bitcoin is used as a means of exchange to buy an item or another. that's why bitcoin can be said to be a valuable asset if its value is large.

Yeah your opinion is good. Bitcoin is like both asset and currency. Bitcoin is proves itself better than any other assets. Bitcoin is also digital currency. Bitcoin is the best crypto currency in the world. If anyone need of money, he/she can sell Bitcoin at any time and get the money at once. So Bitcoin is better than real money because there is no need of banks to save Bitcoin. Bitcoin is also the best asset at this time. Because the price of Bitcoin going toward its peak. Any person who buys Bitcoin can earn a lot of money than any other asset.

Actually, it come to me as both currency and an asset since bitcoin has already undergone certain and various improvements, it has already started to cater both characteristics currency and an asset possesses. This only show and implies that bitcoin cryptocurrency is getting flexible to be able to meet up our needs and wants.