Bitcoin Forum

I have had this debate with may different people from different walks of life. In many parts of the world, cryptocurrencies are considered an asset and most of us might be well aware of this too. However, there are many reasons it is still not considered an asset, many( especially regulators ) believe it to be mainly due to the lack of legal rights. This can probably change completely in the future when serious regulated players like Banks get involved. Governments surely see value in it, but they are still skeptical. I think this will change over the due course of time once crypto starts gaining more mainstream traction.

Another interesting approach I came across is trying to introduce a layer by leveraging Blockchains like Concordium which claim to have regulatory compliance and Identity verification at a protocol level. Attempts like this sure might give more confidence among banks to start cryptocurrency custodianship/ interaction. 

With the advent of such practices, cryptocurrency may start being viewed more seriously in the legal world and smart contracts can be legally enforced too. So cryptocurrencies can probably finally be seen as an asset even according to local laws of that particular country.

It isn't going to happen overnight, it sure will be a tough battle,but I see it as a sensible way forward. Is cryptocurrency legal in your country? What are your thoughts?

Let's look at how "asset" is conventionally defined:


https://www.investopedia.com/terms/a/asset.asp

Even if local laws don't recognize cryptocurrency as a financial investment, it should be recognized an intangible asset, since it can be liquidated for cash value despite having no physical presence or official legal recognition.

That doesn't necessarily mean BTC holders have adequate legal rights (equal to regulated security or bond holders, for example) everywhere, but common sense tells me that is the direction things are headed. It just may take a decade or two for common sense regulation to take hold.

Cryptocurrency is decentralized making the idea of it being a public recognized asset hard/un-sure, Bitcoin is by far the closest crypto-coin to sustained strength/accountability. what would be the value of your asset if you invest in a bad token/altcoin?  Ever heard Bitcoin or cryptocurrency anonymity? I don't think cryptocurrenc-ians care much about calculating of their asset or what people think of there crypto-coin as an asset.

  This is true-for/applies-to Bitcoin et other value altcoin, but some token/altcoin has no or gone under conversion to cash, crypto-coin is in mass, Bitcoin to us is an asset, and maybe many alts, that leaves us to wonder what the others are?

No matter what you do therell always be someone who's either bitter they missed the boat or can't get over the initial learning curve (which is apparently difficult).

Legal enforcement of smart contracts I doubt will do very much, potentially greater understanding and education could go someway..

Decentralization is probably the main reason why people don't see it as a real asset.

There are also secondary reasons like no tangibility and lack of any legal representation. There's no manufacturer, no owner, noone to talk to or take to court with bitcoin and it messes with heads of people who lived through most of their lives without ever using a computer.

I personally do not like the idea of Bitcoin being classified under a particular context, as it can be limiting. Bitcoin represents different things to different people and can be utilized in a couple of ways; its speculative value makes it attractive as an asset which can be traded, its resistance to inflation and supply shocks makes it a possible hedge, it can also be used as a currency for transacting and making payments and is described as A Peer-to-Peer Electronic Cash System in Bitcoin's white paper.

Regulations of cryptocurrencies or its recognition by government agencies is not necessary for its growth. Bitcoin does not need Banks to function.

It was declared legal earlier this month after years of not being recognized. Although under the current legal stance, cryptocurrencies are considered to be securities until proven otherwise. So, sponsors or developers of various currencies are expected to prove that their projects are not securities. Bitcoin however lacks a centralized authority and would likely remain one.

They thought its just a child's play that its main purpose is for gambling just like the casino chips. But its been in a constant battle for it being an asset since even the congress/senate of different countries are already in the discussion about cryptocurrency and its tangibility. Some countries already have laws about crypto so its much like a good to go currency. It is just that its hard for people to learn about it because its new and not everyone is open about new technology as they are more used to fiat papers.

Not all the people claim it. Yeah, it's harsh but true that maximum govt don't want to legalized Bitcoin as their own financial investment. Those people often claim it. But we the people who know crypto currency and have minimum knowledge about it, we don't claim that shit. Personally I strongly believe that Crypto currency will lead the world very soon and people will realized it in a while.

Can you provide medium that argued on the asset class of Bitcoin? Except the online or digital features attached to bitcoin that exempt it from the definition of Asset, I dont see any feature of asset that bitcoin does not have.

Now this mind set is going to change because in many countries authorities fixing tax on cryptocurrency's earning mean now they are feeling this is fact and its going to be big change in future so dealing with this in way of bringing this all in net is good so I am feeling this will change in next few years and they will treat this all like an asset.

People are quite intrigued with what bitcoin and crypto currencies right now. I guess the reason behind of that is because people have no jobs right now and some of my friends knew I have an investment which is bitcoin and people ask me how to earn it and where to buy it, that people grew and there are a lot of people asking me this month. It really takes time even though bitcoin is legal in our country for some years now, they are now just desperate to earn right now because of the limitations they had this pandemic.

Good point of discussion but as I read, I've seen OP is with the project of concordium. Anyway, as for determining if bitcoin is an asset class depends to the people looking at it. If those are the people from the finance industry, there's always the division who believe and classify it as an asset and there will be those that will say that it's not.

Some countries can actually acknowledge bitcoin as an asset and in fact, there were some that already did it.

Fiat currency can be an asset but cryptocurrency is not an asset nor does it support any strong asset so should cryptocurrency only have value as an asset-parallel currency? The opposing argument suggests that the currency must agree with some value. Non-collateral stable coins were created as a medium these digital currencies do not support any real-world or cryptocurrency assets instead expect certain users to maintain a certain value. Crypto is usually defined in terms of digital properties.

The fact that it provides financial sustenance is evident that bitcoin is an asset. I think the regulators problems does not make bitcoin an asset in the first place. Anything that someone owns with a value can be an asset, one example is real estate, this is not a tangible money but it is still considered an asset.

Because everyone around you believes (or just heard about it) in the idea of "eternal growth" and that tomorrow any coin will be 100% more expensive than yesterday.
Hence the opinion that cryptocurrency is to buy and wait and not to dispose and trade.
I'm not sure if this is the right attitude or not. It would be much worse if all your respondents said that they do not know about cryptocurrencies/know that they can buy goods from the black market.
The adoption process is gradual and slow and you need to accept this and not convince everyone around you super aggressively in your position.

Maybe they are saying that bitcoin is not a real asset because it is not tangible and it is only regulated through digital platforms.

That mindset shouldn't be tolerated because we are experiencing development and advancement of technology in our society right now.

Bitcoin is an asset due to its value that can go up and down just like other assets like gold, immovable properties and etc. This can give you profit depending on how you manipulate it and utilize it in the market. Economic crisis can somehow lessen by this cryptocurrency due to cryptocurrency taxations but not all countries do allow the use of cryptocurrency in the market.

That is weird. I always hear the opposite. In fact you will see multiple threads over here and online articles that say bitcoin isn't a currency but is a form of assets. This claim can be backed by the fact that people tend to invest their money in bitcoin and store it for profit in the long run. They do this because they think it is a suitable "asset" and gives more profit in the long run when compared to assets such as "gold".

People do not consider bitcoin as an asset because it is not tangible such as gold, jewelry, oil, and physical money. However, it still has a value the same as gold, jewelry, oil, and physical cash depends on the law of supply and demand. Bitcoin is also used as a medium of exchange and used for payment in other countries. Even it is a decentralized virtual currency so that it is as an asset.

I believe that this situation needs to be looked at based on how users use cryptocurrency and what goals they pursue in the cryptocurrency market. One way or another, due to the volatility of the cryptocurrency, people do not yet consider it as a safe storehouse of their savings, but nevertheless, it is the volatility of the cryptocurrency that makes it possible to make big money on trade and investments, and the indicators of these opportunities in the cryptocurrency market are much higher than even for example in the stock market. Based on this, in any case, cryptocurrency is an investment asset for every member of the community.

Most people don't understand it. I don't even claim that I fully do because I'm not an expert in encryption protocols, hashes and all that math stuff. I don't even know most altcoins. There's so many of them that you have to be working with them every single day to keep track.
What I've noticed over the years is most people who are tech savvy and see the value in electronic money, domains, software, will value bitcoins, but people who are not tech savvy get repelled by technicalities and prefer to say "it's worthless shit" than admit they don't understand it and don't invest in things they know nothing about, which would be fair and honest.

These are the government's employees like banks who would prefer not to acknowledge bitcoin as resources.
Since bitcoin is utilizing worldwide and a large number of peoples are not paying charges to the government.
We're utilizing bitcoin and making brilliant benefit from it we're not quieting such craps.
Digital money will be the future and the government needs to acknowledge it.

It is legal, no need to enforced some kind of rules. If we force it to some blockchain approach then the decentralized perspective would be gone dont you think? Yes some agreed to enforced rules so every investors can rest and be at peace but were there are some who dont agreed to it and Im one of them, I can see only abuse especially on tax implementation.

Despite the skepticism that cryptocurrencies cause by some people for being a novel creation and that they do not have a complete endorsement. Cryptocurrencies are considered assets because they were created for that purpose and we recognize it as a digital asset. I agree with you that sooner or later they will be recognized as such.
In my country cryptocurrencies are accepted but the use that the community has given them is through the P2P trade.

Who claims that cryptocurrencies aren't an asset?Can you mention someone?Can you provide any proof?
Opinions of other people about the nature of cryptocurrencies doesn't matter.Cryptocurrencies are recognized as a financial asset in most countries in the world and that's a fact.I care only about facts,not opinions.
Crypto is supposed to be an "anti-bank" financial system.Why do everyone wants the banks to step in and adopt cryptocurrencies,thinking that this will solve every problem of the global financial system?
I've never heard anything about this Concordium project and I don't trust any project that wants to get my Identity information and use it for God knows what purpose.

we have our own perception to what asset is all about,thats why some people don't think of this as an asset because of being virtual and non physical.

crypto is currency but even Fiat if you store in your vault it can be consider as asset,so Crypto as staying in our wallet means this is an asset right?

I have the right answer for you about people choosing crypto as their asset.


My country has no special rules against crypto users at the moment, only the government notifies the public.

The risk for crypto users is their own risk, meaning: the government, do not prohibit and do not order, now the choice lies with the crypto community itself to trade and invest, and also to choose as their asset.

When you say Asset it is a useful or valuable thing, person, or quality. And cryptocurrency in included to a kind of asset which is Intangible but I think others don't claim it as an asset because of it's decentralization on which government has no single authority over it and because  of the anonymity and volatility nature of crypto. But for me Cryptocurrency is an special financial asset that we have and can acquire  by anybody here in crypto space and can cash out anytime you want and exchange to a fiat money.

Cryptocurrency is a digital asset, intangible but still different to an asset that already accepted by the government. It depends to you if you can be considered cryptocurrency as an asset or not. The important now almost all people are using bitcoin and adoption will increase that makes it more valuable in the near future.

It does not really matter what people are saying. It matters what government is saying. Bitcoin will work as it works no matter what will be. Difference is how it is taxed. That is what concerns governments. So they interpret Bitcoin to gain most taxes. Some governments are long other short sighted. Shortsighted will cal bitcoin as asset and tax it. Smart governments will ca Bitcoin a money and not tax it, but gain more on long term since economy around Bitcoin will develop faster and stronger.

People who claim cryptocurrencies aren't an asset base it on the argument that they are not backed by any tangible use of capital for production of a service or product. Bitcoin is software and a huge network of users. If that is NOT an asset, then neither is facebook, instagram, twitter, gmail or numerous other platforms that are basically just software running on huge servers and used by people around the globe.

This argument that "cryptocurrencies are not an asset" is sometimes given out of ignorance but mostly out of malice and insecurity by people who don't want an alternative to the easy debt-based money of our capitalist society. Imagine if you were in place of the powerful few who could keep people working for them for a pittance compared to what they earn, all because the debt-based economy allows them to inflate money supply whenever they want and keep making masses work for the carrot dangling from the end of the stick. Why would you want to recognize something like bitcoin that can challenge the status quo.

The fact that people don't support bitcion means that there are a lot of peole taht are not using bitcoin let alone know what it is and crypto currencies as a whole. It is said that it is based on the fact that it is decentralized and it is just backed with the trust of the investors has. For me it is an asset, with a lot of profits it gave to people, being backed reassure people but even without that, bitcoin is still an asset.

It is legal in our country.

Despite that, people aren't that stuck on using Bitcoin or even have an idea of accepting it but when they are given the idea that many people actually earned a lot of profit in this cryptocurrency, they can change their mind. There are also many people thinking that it is a scam but I usually say that it is a volatile cryptocurrency, an intangible asset where they could earn profit through time.

Decentralization, and probably ignorance are the reasons. Maybe because adoption really isn't all that big, plus, most government bodies have been against it back then which kind of forced the idea that cryptocurrencies aren't an asset, due to both ignorance of how it works, as well as malice against it. A quick search of what "asset" means would result in something that a "business, or econmic entity" owns. Due to Decentralization, we all know how Bitcoin isn't owned by any business, but it is owned by the community, which I think makes the decision to actually apply it as an asset difficult for centralized organizations. Even if we do consider the issue regarding volatility, I'm pretty sure that is up to the discretion of the person themselves, and not really enough to influence the decision of the Government.

You've identified the key component.  An investment and an asset are not necessarily the same thing.  People can take all kinds of issue with what type of "investment" bitcoin is (the degree of risk, whether or not it should be stable, the types of returns that are reasonable vs. hyped), but it's not really debatable whether or not it's an "asset." And there's a distinction between an asset you might be interested in owning vs. a binary yes or no on the question itself. The fact remains that it's is commonly accepted as an instrument that a wide portion of the population understands to hold value, therefore it is an asset.

Cryptocurrency is basically money that has a function as a medium of exchange for goods and services and as a unit of account to determine the value/price of a type of goods and as a comparison of the price of one item to another. If crypto is only used as a store of value, it is the same as stopping the function of the money, because money is only valuable after being exchanged for goods or services.

Money itself is a medium for exchange of value and has some other technical requirements for something to qualify as "money." For me, Bitcoin fails the stability requirement of money since it is so volatile, and so for me, bitcoin (and all crypto) constitutes a terrible form of money since the value is so unstable. As an asset, though, it fits all the criteria necessary to be considered so.

I think the meaning of the word asset is different from the point of view of each person, if I think an asset is something that can make you money regularly, like you make a deposit in a bank and earn interest every year, own property and rent it out, own a retail business, and you get income. routine every day, week, month, year.
while crypto cannot give you a definite profit every day, but its value will increase if the price goes up.

Bitcoin is an asset, but not a financial asset. Why? well unlike money, Bitcoin can be mine anytime while money can't. Producing a lot of money everytime will cause an inflation, while in cryptocurrency inflation doesn't exist. We have different perspective when it comes to cryptocurrency, other's see it as a financial asset, and some don't, but it doesn't really matter in my opinion.

Asset or not, bitcoin will always be Bitcoin and people will continue to get benefits from it as long as they are using it in the right way.

In public schools, the teachers still teach that assets must be physical (such as gold, houses, and land) but the fact is that in this modern era, stocks, government bonds, and forex called non-physical assets.. 

in the last 10 years, (since the emergence of Bitcoin) cryptocurrency has been a debate, some argue that Bitcoin is a currency and some argue that Bitcoin is an asset because of its price volatility.  in theory, Bitcoin can be called both (currency or an asset) which is non-physical because it has a value..

I am sure that people who say cryptocurrencies are not assets do not understand cryptocurrency, or that person is a crypto hater,
so argue with emotion without thinking it first. If we do research properly, there are already many countries that recognize that
cryptocurrency is an asset. Even some countries have legalized crypto as digital assets.This has proven that cryptocurrency is an asset,
so for those of you who think crypto is not an asset as well as learning more about cryptocurrency. Because I believe these people lack
knowledge of cryptocurrencies.

Well, that idea isn't wrong, but the general idea of an asset is something you have in possession that actually has a value. May it be a monetary or sentimental value.
Bitcoin became an asset when it starts to acquire value, or shall we say, when it was used to purchase the pizza.
Bitcoin is money, because it has it's corresponding value comparable to USD. Do we consider USD as asset? Then the answer would be the same as Bitcoin.
IMO, an asset is something that has value, not only If it's generating profit or not.
Do you consider your car as an asset? Car's value are decreasing as time passes by.

For me you don't have to argue to people who believe differently, the important thing is to be able to explain well how cryptocurrency works. And it is up to them to decide whether to focus on it, the best thing to do is show them that you are a good example of how good crypto can bring to our lives especially in the future generation. Maybe they just don't understand it very well because they haven't tried it yet so if we can explain it to them nicely they might have an interest on it. In my country it is not yet legal, and I think there will be a right time for this and government will surely recognize it and will consider it as an asset.

Its true that you cant please everyone to believe in the existence of cryptocurrency. They have their different interpretation about crypto and i bet that it was because of the news circulated over the social media telling that crypto wasn't a safe asset worst is cryptocurrency was a scam. Government are afraid in cryptocurrency existence due to being decentralised of the digital currency where government couldnt control it that's also why the government didn't recognize the existence of the cryptocurrency.

I visited Investopedia and found a definition of an asset.
Can we say the same aout cryptocurrencies? Yes, so what's the problem?

Many people said that "don't judge what you don't understand", this is really true because if you have no idea about its importance and how advantageous it is just be quiet. Instead of making bad reputation and doubting bitcoin, just try it and learn how it works. I don't believe that they are envy about how bitcoin is growing, it is growing because it should. Understanding and widely comprehension towards bitcoin is necessary before you judge and make a statement about it.

Yes of course, crypto currencies are definitely an asset. I think only people who don't understand it claim its not an asset. I personally view cryptos just as another major currencies like EUR or USD. So holding cryptos is just as holding cash. Imagine holding $50,000 in a bank account, who wouldn't say that's an asset?
Let's not get fooled by haters.

I don't think that's a policy the general public are actively using, if they'll do the same thing with politics to vote on random pieces of information isolated from the rest - they'll broadcast it too if they've nothing to lose.

People who don't know about it will just think that this is an investment venture since many of people claim that they are been scam by bitcoin eventhough they are been compromised by those ponzi sites which take their money out of their pockets. But for people who's knowledgeable about this for sure they will think about that this is an asset since they will always have a crypto hold in their wallet and used it on daily and long time basis.

People out there will find it hard to accept the new thing because they don't want to learn about it. It is easy to judge something if we don't know if that can give you good things or bad things. They don't think how bitcoin can grow as higher as now and they don't believe it. So they tell other people that bitcoin is not anything, even bitcoin is not an asset for a long time.

There are two sides to it. A lot of people don't trust online assets, because they have been scammed once. I fell victim to an online Ponzi scheme around 10 years ago, and lost a lot of money in it. And when I heard about Bitcoin for the first time, I was very reluctant to trust it. I was thinking that it will be one of those online scams. Even when I invested in BTC for the fist time (in 2017), I was in two minds.

In my perspective i think people who said cryptocurrency is not an asset probably experienced different things like, first reason is they tried cryptocurrency before and has their high expectations but then they didn't get what they expected so they just get rid of the it and say that its not worth your time and effort, second reason is they are probably scared to try something that is beyond their comfort zone so they just dont try it and say it isn't an asset but this are some personal reasons but to make a general reasons to why some people don't see cryptocurrency as asset are because crypto is very volatile, they just don't easily trust something that is changing fast, and crypto is a treat to the banking system, people always see the wrong side of crypto because they choose to not look at its capability and potential and if they choose that every single day then we can't do anything about it, let's just wait till cryptocurrency prove its importance to the world.

but look at you ,you are still here till now . You are here because you don't learn on your lessoned yet or should i say you gave this investment another chance . Other people that have same experience as you can also do it.

Anyway guys , this isn't about what people think but the topic is more on legality issues .higher authorities can think that cryptos aren't an asset but we people can also think our own way ,not just thinking but we already treat crypto as an asset .

Because, bitcoin is a currency and not an asset. Asset is the thing you can buy or sell with your money, for example real estate is an asset and you buy it with fiat money and you sell it for fiat money or even rent it for fiat money, or you own a company and that is an asset as well. All of these assets are bought and sold with currency, usually fiat, and most commonly dollars.

However difference is, we are talking about something like a currency here, obviously you can use it like an asset as well, just have it and hold it and not sell it for a long time, it will become an asset or an investment, but normally you can use it by earning it as a salary from your work and go buy groceries with it or buy a cup of coffee at starbucks. So, at the end it is both an asset and it also not depending on how you use it.

Not every person who say crypto is not an asset is a person who doesn't like it, in fact there are people who love it a lot that says the same thing, including me.

I have been trying to explain to people that "crypto currencies" are literally just that, a currency that is crypto, a currency is rarely an asset in people's minds. Obviously that is wrong, if you have 5k dollars aside as an investment and getting interest rate from bank that is considered asset as well but some people do not see it that way, the difference is, if you have 5k dollars as a salary and you spend it that month and move on with next month that means it is your money and not really an asset because you are spending that inside the month you are paid, but when you put it on savings account it becomes an asset. Think of it crypto like that.

With your analysis and to what it is in my mind, I take bitcoin as an asset. It is an asset because you buy into it and hodl or trade it for greater profit immediately or in future. An asset is what you can exchange for money, liquidity etc.

I even have that experience too in the past and make me lose money. Many people get scam by the Ponzi website because we don't know about that website, and we are too greedy to hear the word "You will get a return for 150% of your investment.
So people tend not to believe in online assets because they see many examples from their friends. They will refuse to join with people who give them a fact about crypto assets.

They don't know about crypto and they don't want to accept the new thing. That is their reason not to involve in the crypto. Besides that, they don't want to lose their money from the investment in the cryptocurrency. I agree that they don't want to leave their comfort zone because they do something that still does not have a bright future. They will try to invest if they can see the number in the future, but they still don't want to follow the other people who already joined the crypto.

I think it would depend on this question: "What is an asset" and "Can money/currency be an asset"? If it can, then cryptocurrency can certainly be an asset because it's money.
There are things that aren't currency/money in Decentralized Network/system that can be regarded as assets. Maybe this is part of the reasons people get confused whether cryptocurrency is money/currency, or asset or both.

Post above me says it is depend on how we look about what asset is all about and i agree on that because Cryptocurrency is also a Money that is in crypto form so this can be an asset for one but not to other.

but what ever is this coins?we must understand that these are helpful to all of us,maybe we cannot find that now but for sure in future.

Cryptocurrencies is a pure asset which someone can invest and gain more profit . I think the people that claim that cryptocurrencies is not an asset are people which
 cryptocurrency is an  illegal in their country. And such people don't have idea in cryptocurrency investment.
In my country cryptocurrency is well legalized everywhere in the country. We use cryptocurrency as an asset to purchase and invest  to get something good as a profit at the end of the business.

Most people do not consider as cryptocurrency as an investment because what they have in mind is cryptocurrency is scam, almost all of us have heard about bitcoins and some other digital coins and we also have heard that a lot of scammers are surrounding cryptocurrency. Also you are correct there are no legality behind cryptocurrency that can guarantee people that their money are safe to invest.

For people who are accustomed to investing in the real sector, they will consider the market and cryptocurrency not truly an investment because non-real investment or financial investment is investing in securities (financial assets) which are expected to increase in value in the future, and this non-real sector is vulnerable to manipulation.

To increase welfare, a strong foundation in the real sector is needed. The real sector requires investment, either in the form of expansion or new investment, which means absorbing new workers and increasing workers' income, which in turn spurs economic growth. From the above perspective, it is clear that growth in the real sector plays a very important role in the process of economic growth, without growth in the real sector there will be no economic growth. Therefore, real sector growth requires investment to maintain the sustainability of economic growth itself.

Known as crypto currency many do not consider it an asset yet in many places no one knows about the use of crypto. In this case it is in high demand in the crypto world and investors consider it an asset. Wealth is usually an asset or a plan for the future crypto is a very good currency for the future. It is possible to earn double profit if the price goes up by investing but it requires patience.

Maybe they are afraid of their countries regulations about cryptocurrency and they don't want to get a problem. That makes them stay away from the crypto world. But they don't know that the crypto gives them the opportunity to make money, and they can earn from many coin lists. We can not force them to use crypto because people will free to choose what they want. If they can open their eyes about the crypto, I think they will start to invest in crypto.

If we go by the technicals any currency is a an asset. Moreover a financial asset is something which can either fetch you contractual cash flows or some cash flows on surrender of that asset. People who are saying it can be intangible asset if we go by your definition even money kept in your Bank account is an intangible asset it barely exists in reality. Regulations cannot make any thing an asset or something. Asset is basically something that you think is valueable for you. A major debate however could be that whether cryptocurrencies are a currency or an asset? I think this would be something that even the regulators will take too much time to decide.

This is one of the reasons why,

Since crypto is not being controlled by the government, they see it as a lack of legal rights. Even if it is considered as money, online money, or an intangible asset that can be used to purchase or do transactions, as long as they don't have the right to control or regulate cryptocurrency, they will not consider it as an asset.

Mostly people think about an asset  is that being legalized by the government and is supported by it but for me, as long as it has a good value that can be very beneficial in the future, then it can be considered as an asset. Hopefully once cryptos will become a mainstream and starts gaining even local adoptions from the government, people will definitely start seeing it as a good asset.

Some people are not ready to accept technological advances, so it is difficult to accept cryptocurrency as an asset.
Especially old people who think assets are real and do not understand digital assets. It takes time for everyone to
accept cryprocurrency as an asset. Whereas in my view assets are all things that have value, so because crypto has
a value like gold, supposed cryptocurrency is assets.

For me, I think the cryptocurrency is an asset set aside the law because we are talking about the property there are rights that you owned coins, not you are owning the whole characteristic or being a creator of this coin instead you have the value of this coin. I think this is part of the Current Asset that we can use the cryptocurrency that may possibly convert into cash. There are some misconceptions about the assets this is just only a tangible thing but no there is a different kind of assets. Also, there is a chance this may use for Financial assets because this can be used for daily needs that can be spent.




There are some places that do not accept the use of the bitcoin they still want to stick on the traditional way of payment method which is the use of the fiat currency we cannot blame them because this is implemented by their government and we all know some of the cryptocurrencies are centralized and the bitcoin is not, so they cant make a fully manage on this kind of action.

In our country, a lot of people are still not know bitcoin or cryptocurrency. When somebody introduce it they believe it is scam. Crypto here are scam in the mind of the people due to many scammers used bitcoin and other cryptocurrency when asking for investments. But if a person will observe and study about how bitcoins works and how to earn on it they will understand how high is the earnings will get.

Negative things easily get spread than the good about anything. Awareness is the only way to make people stay away from scammers. This is why people have an understanding that bitcoin is a scam. In most of the country bitcoin is given importance as an asset for trading and not as a legal tender same as the fiat currencies.

Since cryptocurrencies are still new to the economy world, the market is still young and comparing to the other assets cryptocurrency have less value this will make the market unstable comparing to other assets . In the other hand, bitcoin and other cryptocurrencies has some legal issue on some countries and many governments are not really clear about what they want to do regarding this new technology. during the life of crypto, many exchanges and famous cryptocurrency related companies got suspended by some governments this can be anther negative side of the story. Also another reason can be quoted by warren buffet that he said bitcoin has no value by itself so this can't be counted as an asset.

Maybe because people are thinking of something like real estate, bonds, gold, silver, platinum, banks, insurance or other investments. That is what people understand what asset is and not crypto because governments discourage people of using it due to it's risk. But for me that is on how people really understand what investment is even though other think it's not. Cryptocurrency is decentralized and earns critics from governments and legality is something questionable in some areas that is why people does not consider cryptocurrency as an asset but for me it is, why? Because it puts income on my pocket simple as that.

Due to decentralization, people think its not an asset. Bitcoin has much potential and its price is unstable.
Most people think its a scam because its price can never be stable and that's why they don't count it as an asset.
They're less educated, I believe in bitcoins and its assets for me. No matter who thinks negatively about bitcoin I will always here to support it.

There are more and more bridges between the traditional investing world and the crypto world. There are all kinds of companies that offer services to institutional investors, which is fairly new. However, I don't know why investors would want to pay the fees associated with something like a Grayscale (to name one) which are exorbitant compared to buying crypto yourself.

It's clear that they lack knowledge about currency because every currency that exists, physical or digital, is considered as an asset.
Like what the internet says, it has a cost and it's visible in our eyes that cryptocurrencies have value and many of us already earned profit here through trading and different kind of activities. Even stocks are also asset, if they think stocks as an asset, therefore, cryptocurrency is also an asset unless they doesn't know what's the true definition of asset. There are two kinds of assets: tangible and intagible assets, it's obvious that the intagible are those digital currencies.

looking for double value will only lead you to losses mate because the crypto is volatile and anything change in a matter of hour.

Crypto is depend on how we treat this like me.

I rather call it asset than a currency because i tend each coins i have to Holds till and wait for the price to move up before selling it.

In this case it become a asset and not actually a currency.

Actually bitcoins being a digital asset makes it float among currencies and as well as asset. I mean no doubt BTC is an asset and similar to gold one can sell the asset and get cash/fiat but why bitcoins are deemed as currency is because of the ease of transaction we can actually spend them and purchase items while the irreversible nature provides a unique feature which traditional payment methods still lacks. In true words though we cannot classify them as currency because as far as I understand currency means it is backed by the government of a certain country while we know that BTC being decentralized no one controls it.

I love always love the debate around asset and currency because anything that people start trading too frequently slowly becomes a currency without even getting the legal status.

Losses will occur if you enter on bad market state but if the situation is good and bull run is happening then provably you can earn double with it, the huge run happen on year 2017 so possibly we can earn double or even more if this scenario will happen again.

But crypto is both a currency and asset since we can use it on various way.

You can read some sort of explanation on this website https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2736020(Just read don't download anything)

Those who know how to invest will see it as an asset, actually those who never invest in stocks or do business didn't know what an asset really is as they based on actual things or materials that may lose their value in a long run or they are those who only focus on real estate as their investments.

I have not to blame them either and we can't push them to believe of what we believed. I think they are right if they are talking about safety assets because we know that crypto can't have such a thing (safety assurance). This will hold them not to consider crypto as an asset but they are using this just like a commodity where they can make a trade, use to buy stuff, and a currency instead. That is what they understand and probably they are right.

It is all because of the governments that framework the law, and based on that people are informed that cryptocurrencies weren't an asset. Very few countries like Japan, Australia have legalized it as a currency, but most of the countries state it something similar to the stocks. It can't be considered as a legal tender/valuable asset which can be used in exchange of services. This can be used on trading, investment and other similar purposes.

Indeed, and because government is literally backed up with gold they want no competition with the  precious gold being an asset for ages. Cryptocurrencies on other hand is clearly misunderstood by many which made it very, very popular by now. Imagine naming it with 'currencies' and they made it as their asset lol

Well, I believe most of the countries are not against with it, most of them are just giving fair warnings about its volatility preventing people to lose their hard earned money, it's all about the concern anyway.

Even what happens in my country cryptocurrency is legal as an asset and not a currency and therefore, real use and / or using crypto as a means of payment in my country is something that is prohibited. I wonder, are countries claiming cryptocurrency not an asset, do they use bitcoin or other crypto as a means of payment? If so, I think the differences related to this issue are not things that should be equated in different countries, because most importantly cryptocurrency has become part of an economy that generates a profit.

It is noteworthy to know that just because they do not see cryptocurrencies as asset doesn't mean they are not one. I do believe that is needed just like OP said is mainstream attraction which will be achieved only in a matter of time.
Ever since bitcoin was made, it has been gaining attention in the mainstream world at a tremendous rate and going by this rate, just a few more years is needed before world governments begin to adopt bitcoin and other crypto. Once this happens, it wouldn't take very long before the legal backing these skeptics have been looking for is gotten.
We all know bitcoin will surely and eventually be adopted by everyone over time

To be honest with the transaction fees amounts right now it is really difficult to expect cryptocurrencies being the mainstream payments anytime soon because the biggest advantage when I started using crypto was there was no platform fees unlike paypal or other payment processors but now with time the transaction fees has actually become a serious issue and I do not see a proper solution unless we actually adopt payment processors in crypto itself like bitpay and similar services but that kills the basic aim of crypto payments as again we have a payment processor in between.

I think maybe a crypto like Tron can be successful because of the no fees transactions but it is not nearly as famous as it should and really if mass adoption is expected and bitcoins is to be seen as a mainstream payment method then something has to be done for the fees on transactions.

For me, Cryptocurrencies can be both an asset and a liability. The potential capital that Cryptocurrency can bring is very big but before getting that capital, investments must be made and you have to get proper knowledge on how to properly utilize your Cryptocurrencies.

It would only act an liability IF you are losing so much even though you are not expecting it to occur that way. Maybe the value suddenly dropped and that would mean that you missed the chance to earn from it.

That's what I mean because people's responses to assets are different.
I also considered anything that had value to be an asset at first, until some people came up with the ideas I mentioned earlier.
actually there is nothing to worry about just how you manage or handle your assets which is more important I think. :D

Governments that hasn't provided legal support for cryptocurrencies just consider it a technology solution for investment needs. Governments give importance to the technology and as a legal tender of value used for trading and similar to stocks. Cryptocurrencies aren't getting used as an alternate to fiat. Maybe when this scenario changes automatically people will consider it an asset.

Those that said cryptocurrencies is not an asset are those countries that failed to legalized cryptocurrencies in their country because they have no idea on cryptocurrencies. Asset is anything that can give you income after the transaction.
In my country cryptocurrency is well legalized,many people is using cryptocurrencies as an asset for them to do business and  make a good profit from it.

That must be a great news because as your government legalized bitcoins there can be new startups and more investment come in such projects. I am glad to know that bitcoins are being legalized or allowed in more and more countries.

I don't know why some people don't classify bitcoins as an asset because if you sell bitcoins you get money, as simple as that and that's how asset is defined. Maybe people are confused between asset and currency and because bitcoins is used so much for transactions online that is appears as a currency at times indeed.

In simple words, anything that has value in market for someone or everyone which can be defined into "asset" category.

In my opinion, Cryptocurrency is considered as the most attractive alternative asset to be an investment choice, and investing with a relatively small capital will have enormous returns in the long run so that this crypto asset can be promising for the future.
and people who claim Cryptocurrency is not an asset because they don't understand and don't know about Cryptocurrency and its advantages, although Cryptocurrency is risky but will always give good returns in the long run.

There are two types of people in bitcoin's field. One who knows about the bitcoin and contain well knowledge of all crypto market they when to buy and when to sell, on the other side some people think bitcoin can make them rich in nights and they'll spend good life. Things never work like this. Nothing is possible until you show your highly patient and hard working.
People who claim cryptocurrencies aren’t an asset are belongs to this category. They just put their money in bitcoin and start expecting for high profit.

Yeah its definately legal and is definately an asset.  It is considered property in some countries.  I would choose to classify crypto as a financial instrument which would be considered an asset in all aspects of its current state.  Normally the people that don't claim its an asset is just uninformed as to what crypto really is and can offer.  I bet the same people that says its not an asset can not properly tell you what crypto even is, probably a high correlation.

The government isn't tolerating bitcoin as an asset, and there are no lawful rights on it.
That is the fundamental motivation behind why individuals think bitcoin is a trick, and they're not accepting it.

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I met numerous people groups and persuaded them to utilize bitcoin.
Still, they refused to put their resource on it when I ask them why they express a similar explanation that the legislature considers it a trick so they won't use it.

Government approvals bring weight to this arguments, with the approval or legal entities that government acknowledge cryptocurrencies it will jumped out more investors to this market, Right now there are still lots of doubts coming from greater numbers of investors as they are more on traditional, legal matters is part of their criteria before engaging in to this venue of investment.

In other countries cryptocurrencies is at a weird spot because its either illegal or not being recognized by government, and as indicated for cryptocurrencies to be called an asset it has to produce economic benefit and currently I don't see that coming, first of all the law prevents cryptocurrencies from being legal since there is no way of taxing it and if it ever happen that there would be a way to tax it, it would require personal information to be given which will eliminate the feature of cryptocurrencies such as Transparency and Anonymity. In addition cryptocurrencies are unlike any other assets since as long as there are projects being created there would be an unlimited supply.

The problem is that governments are trying to define something new in terms of something old. Of course this creates conflict and uncertainty.

Cryptocurrencies are a new class of 'thing'. Lets not say asset, because that suggests conventionally-defined assets. Governments see that cryptocurrencies are becoming more popular, are increasing in value, and that their populations are being exposed to them and are interacting with them, this bringing with it exposure to scams and theft, as well as huge untaxed gains... all in a climate of quasi-anonymity and borderless transactions.

So governments want to legislate, and they want to do so quickly. Unfortunately, because crypto is new, there is no established framework, and no consensus on what crypto even is, and because governments are national but crypto is global, there are wild inconsistencies from country to country in how any solution is implemented.

I would view current legal definitions and frameworks as temporary sticking-plaster solutions, a set of emergency fixes put in place until proper definitions and regulatory frameworks can be agreed.

If we start talking about this topic then it would forfeit the nature of traditional currencies as well. Most of the countries are on the verge of adopting the digital forms of their currency. I mean making their local currencies to be used in digital form. But this doesn’t mean it will become non-asset after it.

I’m pretty sure we can always show up this comparison to those who thinks crypto is not real asset. Moreover you can always trade crypto for real money and vice versa is also true. So there is no possible way one can not define crypto as assets. They are and they are in the verge of perfection.

I think you misunderstand what assets are. They are not regularly generating income. They are just something belongs to somebody. Governments have the right to make a decision on bitcoin or any cryptocurrency. Laws are laws. If you are a citizen of a country, you have to accept the laws unless you can make a protest and succeed. However, I doubt that possibility can work.

In my opinion, having no regulation makes stronger to us since governments can not claim any tax from us. On the other hand, we can easily be harmed by digital thieves and cops will not resolve any issue relating. Therefore, every circumstances have their own threats and benefits. You can not have all the goodness 

Cryptocurrency is an asset. Because it is an investment and you are doing it for making some profit. You need to convert the fiat money to cryptocurrency. So obviously it can be considered as an asset.

Some people claimed because of having or losing their money by hackers or they lost their private key or something like that. So it can be a logic behind this.

I agree and in general I would argue that most of the people who don't own crypto currencies will say its not an asset. Because they either don't understand it or are afraid of it. All the people who actually own crypto currencies will argue that it's an asset. The legal framework in most countries is being set by fairly old politicians. Where the understanding of the crypto world is limited.

Cryptocurrency needs to be considered an asset because it has a cash value. Although cryptocurrencies are not regulated in our country, they do allow us to own cryptocurrencies and not to use them as a means of payment.
For projects that host public and AML / KYC binding ICOs they are real assets because they represent companies.
Although people have a debate about cryptocurrencies, only those who own them understand their value.
As the world moves in favor of cryptocurrencies, governments will have to recognize cryptocurrencies as an asset.

It actually really confusing because its purpose is actually serve as a digital currency but this has no real value if not being paired or back up by fiat currency. Remember that by having bitcoin you should buy it using fiat currency and that determine the value of the bitcoin or any othee cryptocurrency. Now, since the data to access blockchain or where bitcoin is stored in a digital wallet preferrably the hardware wallet so it became a valuable thing and that we can consider this as an asset. Whatever it is cryptocurrency is cryptocurrency and thats it.

The understanding is limited and because bitcoins are being used in a lot of activities so often people get confused as a currency but it is just an advanced version of the barter system where you give the person something they need for something you need in return. Now because bitcoins can be sold and bought at any approved exchange a lot of confusion surrounds if Bitcoins are true assets or a currency. I believe Bitcoin can be classified as a unique asset that has the liquidity and structure to be used as a payment option as well.

Bitcoins is still new to a lot of investors and in some countries the awareness about crypto currency and how blockchain works is still very limited so often bitcoin is termed as a bubble but people often forget the power of decentralization and how well Bitcoin scales.

They won`t consider cryptocurrencies as asset because it is not listed to the SALN or State of Asset, Liabilities and Net Worth. Of course, they should not write it to the SALN or they will pay for the tax. Well, in my opinion either it is an asset or a coin. I consider it as asset as it gives you profits. Asset is something that gives you an income or help you to gain income. That is what an asset supposed to define. i don`t know their reason but for me, it is clear that crypto is an asset. For sure, it is liabilities to those who said that it isn`t asset, why? because they failed to make money from cryptos.

Because it is yet to widely accepted around the world, that is the reason why people are not considering cryptos as one of the assets but one who has the knowledge about cryptos will surely pick it as assets. Early investors make money because they are taking risks on something which doesn't have real adoption so it pays off them later which is the same calculation should be applied with crypto currencies.

But that is how all assets work, asset itself means something that has value for money or useful to someone. If an asset does not have value in fiat then it is impossible to call it asset actually because it has no worth in the market.

Buying bitcoins via fiat only determines the need and that is how the price is determined. Look someone made a coin and today it is worth so much only because of adoption and people understanding the use of bitcoins in the real world. Even hackers demand payment in bitcoins which shows how robust bitcoins mechanism is and it is nearly impossible to hack or steal. These things combine and that's how a decentralized asset got it's market value in fiat.

Somewhat true but the fact that its market value is changing from time to time is what makes it not an asset. An asset is something believed to generate profit as time passes by which makes Bitcoin close to it. But given the lack of assurance, it is more suitable being an investment. Investment has risks but it does give a tendency to generate profit as well as years goes by. Expecting its value to be bigger in the future is not enough in order to call something an asset. How its market price behave could be a greater basis.

People have different views on whether Bitcoin is actually an asset or not. Whether Bitcoin is a resource depends on proper knowledge about it and the ability to earn through it. If one has the skills and knowledge to use Bitcoin, it must be considered as an asset for him. Although the market value of Bitcoin is less stable than all other fixed assets, those who have a good idea about it can turn it into an asset by analyzing its dynamics.

Bitcoin is money and money is an asset. Bitcoin is a tradable crypto asset and I call it an asset because of its utility. People can still differ on how they analyze something called an asset. Maybe they say so because bitcoin has no physical form like fiat currency, gold and other.

I think that bitcoin has been around long enough now to build up trust as a payment system. I think there is a distinction between non-productive and productive assets though, which might be what some people think about when investing. For example: Bitcoin is a lot like gold, in that it doesn't actively make a return beyond the value going up (or down). Whereas if you were to own a share of a company and that company pays dividends, then you can get money back on a regular basis that you might choose to spend elsewhere.

I am quite sure it is because of legal implications.

In some countries, assets may be regulated in a different way compared to money, so in those where assets have a better status than money, they prefer to claim cryptocurrencies are assets; but in those where assets have a worse status, usually because they pay more taxes, then it is logical that people from those countries claim cryptocurrencies are not assets until some law says so expressly.