Honestly, this "classification" nonsense is getting old. Bitcoin is a currency, period. Why? It serves two purposes:
- It is a medium of exchange.
- It is a store of value.
"Commodities" and "antiquities" may be stores of value, but definitely not media of exchange. Claiming it is such will never pass in front of a jury. The "but gold" argument doesn't work because when used as a medium of exchange, gold
is a currency.
I find it ridiculous how people try to avoid taxation or foreign exchange laws by claiming Bitcoin isn't a currency.