Is Bitcoin Money or Currency

[bitctrimor1]

Both, of course. And topmost it is also a payment system. Oh, and it is a technology to prove ownership over something (Bitcoins in the most basic form) on a distributed no-trust-requiring public ledger.

I agree. I think both terms although have distinct meanings on their own sometimes can be interchanged, especially in the discussion of business because of how they are used. They both are used for value, and from their value, they derive their characteristics of being tradeable and having the capacity to be used as payment for goods and services. Therefore, whether you see it as money or currency is pretty much the same because of how people commonly use it.

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[Yurkov]

In my opinion Bitcoin is money also currency,because Bitcoin is an investment and they only want to earn more money from holding it.Bitcoin is money in the digital world, so bitcoin is both money or currency

Easier to say is that bitcoin is money and currency cause it has the same use but in diffrent ways cause money could be paper but crypto not and crypto has bigger volatility, those are for me the only differences.

[DPrillio]

In my opinion Bitcoin is money also currency,because Bitcoin is an investment and they only want to earn more money from holding it.Bitcoin is money in the digital world, so bitcoin is both money or currency

Easier to say is that bitcoin is money and currency cause it has the same use but in diffrent ways cause money could be paper but crypto not and crypto has bigger volatility, those are for me the only differences.

Certainly bitcoin is a money because it can use to purchase some goods and services or we can even exchange it in any form of our local money because it has value like a true currency, the fact that it is a virtual currency or not truly a currency a system design by our new technology to act like a true currency because it has a market value.

[doomloop]

It is hard to say about this idea. People want bitcoin to become a currency which accepted around the world. However, most of them only hold bitcoin for a long term profit without spending a single penny. So how can bitcoin become money when people consider it as an investment ? Right now, it is obvious that bitcoin is useful for people to put their money in because it can give us a huge profit in the future

Bitcoin is a crypto currency you can also call it money as well because it is a medium of exchange. Generally acceptable for instant transaction. Bitcoin is a bombastic technology and can really change the world if it is allowed to expand and appreciated further. You might have noticed the end of 2017 marked the $20k limit for Bitcoin value and almost all those who had invested earned huge. This is again an opportunity to invest and be ready for the profit. So you can call it money or a crypto currency as its result is profit.

[kamilah147]

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

if I think personal currency or bitcoin money is very influential for our lives, such as for the necessities of life, because today the money is very sought after many people to achieve their desires.

[costanos02]

For me its money, because it can be used as payment, were as in definition of currency it signifies in a particular country, And yeah bitcoin is money it is legally accepted as payment in some countries.

[bitcoinsocial09]

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

Bitcoin is both money and a currency. Bitcoin is a money because we can use it to purchase things that we need and we want. Also, it is a currency because it is a type of a currency that have a unique features because it is adigital currency which you can't see nor touch.

[sabarr]

I think, bitcoin is digital currency and not money because we can not transact directly using bitcoin as money, we can only transact with bitcoin digitally and online

[Tukang Becak]

I think bitcoin is a currency so we are free to use bitcoin like a currency, with user growth and devs. which continues to increase then I'm sure that a day bitcoin becomes a very popular investment.

[rhamdy]

I think both of them.
I would argue if Bitcoin is one of the digital currencies, and Bitcoin also as money (which is virtual).
Bitcoin is almost the same as conventional money can to make investments, transactions, or trade.

[Camorra Dev]

I would say that by looking at the way you put your question you did not think how multifunctional the bitcoin is because I'd definetly call it a currency, an investment and money all together. And that exactly what explains the arising attention to this crypto currency.

[mstfprcn]

actually, it has property of money in terms of payment. Bitcoin is also a currency, which is traded person to person without any need for a bank in the middle.

[srmecdes]

it does not matter for me but there is exact result for this situation.
Bitcoin is valuable things and we can use it in our daily life or as an investment for future.
Being money or not or currency or another things are not important in my opinion.

[chengyinoing01]

BTC do not belong to the direct currency, but BTC is, indeed, have a certain value, the role of the BTC is defined as "the future digital currency touchstone, undeniable digital currency has unique generation algorithm, the security and practicability are far higher than that of traditional paper money, cannot be falsified once launched, fundamentally eliminate fighting money laundering and terrorist organization.

[greenpath]

Bitcoin wasn't money that can be a major of exchange in the world. It is a system that can be invest and get through computer or digital ways. Bitcoin works all over the globe with those people who holds it. They can exchange whatever they want that with exact amount of their bitcoin to money. So far bitcoin did not yet recognized all over the world so it wasn't yet a money but can probably the money. From bitcoin to money is possible or vice versa. Maybe in the future there will have some changes about this system.

[outdatedruff7]

Doesn't really matter, what matters is the profit and interests obtained from it.

[LenaRoid]

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

i think that bitcoin is not money but currency , it cost to much to work with thic coin, there some blockchains that can be used like money because of low price for transaction and speed, bitcoin is more like silver or gold.

[LieTOme]

For me its money, because it can be used as payment, were as in definition of currency it signifies in a particular country, And yeah bitcoin is money it is legally accepted as payment in some countries.

well. indeed today many countries are considering regulating bitcoin. including in my country. there is much debate about bitcoin being a means of payment

[artjomgorelov]

Bitcoin is not money and not a currency, bitcoin is a speculative tool, as a kind of roulette.

[Arkyo]

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

In this context, bitcoin is a currency. But from the point of view of the legislation of many countries it is   impractical to recognize bitcoin as a currency. It is a digital asset that has a huge investment potential.