Is Bitcoin a currency or asset?

[ubay]

In my opinion bitcoin is a virtual currency as well as an asset, it's fun plunging into bitcoin / altcoin world. I found the unexpected thing even made me go crazy.

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[CraigWrightBTC]

They are both for me and valuable at the same time. It it really an asset but because people are accepting it as a form of payment therefore it is a currency.

Yes the answers to this question is bitcoins can be asset and currency, actually depending on the users of bitcoins what will be done with bitcoins, although the main purpose of bitcoins is currency doesn't mean it is must. Because Bitcoin is based on the community they are free to consider bitcoins as an asset or currency, that is uniqueness of bitcoins everyone can be free to participate giving their opinions about the bitcoins.

[roshanface123]

We can use bitcoin as currency and also as an asset, we can transfer bitcoin in to currency and we can purchase any thing that which bitcoin valid stores and we can use this to transfer money to our friends and family and we can book flight tickets. And we can use these bitcoins as our future investments . Bitcoin value is going in a very high rate so we can take it as a long term investment,and we can earn a higher profit.

[DoublerHunter]

They are both for me and valuable at the same time. It it really an asset but because people are accepting it as a form of payment therefore it is a currency.

Yes the answers to this question is bitcoins can be asset and currency, actually depending on the users of bitcoins what will be done with bitcoins, although the main purpose of bitcoins is currency doesn't mean it is must. Because Bitcoin is based on the community they are free to consider bitcoins as an asset or currency, that is uniqueness of bitcoins everyone can be free to participate giving their opinions about the bitcoins.

You are wrong because the main reason why satoshi nakamoto created bitcoin is he want to make a great asset that will fight the inflation and that is bitcoin. I agree to you that it is up to the person on how is he going to treat bitcoin but for me it is more on an asset that needs to be kept for long term with care because if you don't put any care in holding it for long then you can forget the important information about your bitcoin.

[djmixen]

We all know that the definition of bitcoin is a digital currency and knowing that if you have a currency you can also convert it to your local money if you want. If that so, you will also have an assets because it is a kind of assets. So we can tell that bitcoin is also an asset.

[Smokey Bob]

At the moment bitcoin is not very suited to be used as a currency because of the high transaction fees. In the future it might become very suitable tho. So as of now for me it is more of an investment, and thus an asset.

[barhavsky]

i think it's still currency because we use bitcoin for transaction and the price keeps changing.

[kpcian]

For me, Bitcoin is both currency and an asset. Bitcoin has been invented for making the process of payment easier, so that Bitcoin is newly invented digital currency and less fee payment system. but if you want to save for a while then it will bring a huge amount of profit. so it can be also an asset.

[mylalaworld]

It serves both purposes.
It can be considered as a currency as it can be used for transactions, and asset if you are holding it to gain from value appreciation.

[koumpesbtc]

Any currency means value. So if you have something valuable then you have an asset. Bitcoin is a currency but when you buy a BTC then the currency becomes an asset in your digital wallet. That means that now your asset (btc) is with a certain value and you can buy things, can exchange it with other coins or save it so that its value may rise against other currency.

[wawo]

in my opinion bitcoin is an asset in today's very good but very high risk because the price is very can not be in the guess

[Cryptolive]

Definitely a currency as you can expect it to trade.With an asset you won't trade.Coming to the volatility.Volatility will be high until it reaches its maximum supply.Once it reaches its maximum supply and there are no bitcoins to be mined then the volatility becomes less compare to now.

[Ranly123]

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated 

Basicaly, bitcoin is like currency that can be used to buy what you like but we need to change this to our fiat currency in order to do transactions in stores. For me its all asset or investment because not all countries use bitcoin in day to day activities.

[Ayaancool]

For me bitcoin is both currency and asset,it's all up to the user that uses their bitcoins. If the user is giving more importance to there current needs they will use bitcoins most as currencies.If the user giving importance for future plans [like retirement purpose or making trips all over the world etc..] they will treat bitcoins as an asset.

[josephinerosdy]

bitcoin is asset not a currency. I will not used bitcoin for buy something. bitcoin just for investment for earn profit.

[Biggapp]

Definitely a currency as you can expect it to trade.With an asset you won't trade.Coming to the volatility.Volatility will be high until it reaches its maximum supply.Once it reaches its maximum supply and there are no bitcoins to be mined then the volatility becomes less compare to now.

It is not so risky thousands of the people can invest in the bitcoin and hold for the assets for the power and the money till the high of the money. The role of our money in the bitcoin is very high, it is very important to have bitcoin and the hold for the money. The importance is the creators so make money in the, the use of the bitcoin is using for the buying goods.

[Ariess]

for me bitcoin is an asset that can provide many benefits and advantages. so whatever people say other I don't care. because I love crypto and bitcoin. I put my hopes up and invested in him. bitcoin is the champion.

[UsernameBitcoin]

Bitcoin is a digital currency, and an asset generally speaking. You would need to claim it on your taxes as an asset, that is for sure. And some countries have not recognized it as a currency, but it really is.

[hahay]

I think bitcoin is a currency is also a very valuable asset and has many benefits for its users. I can assume like that because bitcoin can be used for payment tool and it is also very profitable to just keep it, so bitcoin is also a very valuable asset to have. I'm very enthusiastic about bitcoin because it now has a very high value, but I also will not leave bitcoin even though the price is very low, because I've felt such a moment.

[emberbekas]

Bitcoin and any other type of cryptocurrencies will remain as an asset for me. I use it as a currency only on a rare occasions, like in an urgent condition and I have to top up my mobile phone. There are only few things that I can buy with cryptocurrency here in my place so far.