Is Bitcoin a currency or asset?

[mercyt]

Bitcoin has a limited use for now as a currency because there are so many stores and establishments that doesn't accept it as payment optionyet  so I am considering it as an asset. Bitcoin is a good way to invest money because it keeps on growing year after year. There may have been some downfall in the past but then after that, it will continue to grow because many are trusting it and support it. It has a strong support from its community and many people are getting aware of it everyday.

[Nunoluck]

Bitcoin nowaday is the best currency and good assethowever, most of countries are considered bitcoin as commodity not as currency, but citizen considered it as currency and good investment.

[cdog]

I think Bitcoin can be said asset and can be said currency because Bitcoin is something valuable and has a high selling value.

[Nerman]

I think it is both because if i remember my economics 101 right asset by definition is something that you owned that can be liquidated to money. So bitcoin is definetely considered as an asset.

Currency is a money that is being used by a country. We know that as of now no country has made bitcoin as their official currency but  More and more company are accepting bitcoin as a payment so by definition it is a currency as well.

[youok]

To answer this question, firstly I want to explain  what is the eccurency and  the asset. the definition of it is as follows:

1.E-currency is an electronic currency that can only be used virtually for online trading.
2. Asset is the resources or assets owned by an entity.
in my opinion, bitcoin is the both of them . it could be the currency because we can use the bitcoin to pay the transactions in online shop . and it could be  my asset when 1 trade the transactions buying and selling in the market .

[Aba]

can be both. as currency is converted into altcoin into a traditional currency and there are also some online transactions using bitcoin, and as an asset because with its higher value each year can be used as a long-term investment

[moinul018]

Thanks for sharing your thoughts. I believe bitcoin is an asset now and will be a potential currency some day in future (given that its price stabilizes). The main pitfall of using it as a currency is its volatility.

[macchiato]

Let's define currency and asset first. Generally, currency is a form of money, either coins or papers, that is used as medium of exchange for goods and services issued by the GOVERNMENT and is circulated for trading. On the other hand, asset is any resource that has an economic value that you expect to benefit someday in the future.

My verdict is that bitcoin isn't a currency at all times because according to the general definition, it must be approved by the government. In countries where bitcoin is legalized, it could be considered a currency but in my country it isn't. But it is definitely an asset if you just know how to manage it wisely.

[AjithBtc]

can be both. as currency is converted into altcoin into a traditional currency and there are also some online transactions using bitcoin, and as an asset because with its higher value each year can be used as a long-term investment

Bitcoin has got different forms, one among that is the usage as an asset. As an asset with its potential, it has grown high and surely it has got different forms starting from usage as a storage token to a high valued transactions support system.

[Twinscoin2017]

Let's define currency and asset first. Generally, currency is a form of money, either coins or papers, that is used as medium of exchange for goods and services issued by the GOVERNMENT and is circulated for trading. On the other hand, asset is any resource that has an economic value that you expect to benefit someday in the future.

My verdict is that bitcoin isn't a currency at all times because according to the general definition, it must be approved by the government. In countries where bitcoin is legalized, it could be considered a currency but in my country it isn't. But it is definitely an asset if you just know how to manage it wisely.

well i think it is a currency .a digital crytocurrency that has no corresponding amount and it can change it price  anytime anywhere withoit a prior  notice  to the publick that is why bitcoin called also an asset it is really an asset of getting more extra unexpected income in the next month or maybe nexday arround.it is really amazing.

[BeGoods]

can be both. as currency is converted into altcoin into a traditional currency and there are also some online transactions using bitcoin, and as an asset because with its higher value each year can be used as a long-term investment

Thats right. I think that's the specialty of bitcoin dude. bitcoin has many functions you know ? you can use bitcoin to pay bills, as currency, as an investment or an asset, or etc . much you can do with bitcoin. so do not be surprised if there are many people who are interested in using bitcoin because there are many facilities in bitcoin that you can use to get benefit..

[kpcian]

For me, Bitcoin is both a currency as well as an asset, it depends on how you could you handle this platform, if you want to spend it for your daily purpose then you call it as a currency and if you want to use Bitcoin for making profit then it will be an asset. but I prefer Bitcoin as an asset rather than as a currency.

[chip211]

I don't know  your opinion but to my bitcoin as an asset rather currency. I can not use bitcoin for everyday needs if I do not convert it to cash so for me it's like a kind of property.

[mai_mirai]

For me bitcoin is a currency and also my asset, I can use Bitcoin for for transactions on the internet (currency) and investing profitable (assets). But currency or asset it's depends on how a person want to use it. So bitcoin is an asset with future currency potential.

[bitalive]

I think we can tag Bitcoin as World Wide Accepted Alter-Currency which is Asset.

[chocolah29]

For me, Bitcoin is both a currency as well as an asset, it depends on how you could you handle this platform, if you want to spend it for your daily purpose then you call it as a currency and if you want to use Bitcoin for making profit then it will be an asset. but I prefer Bitcoin as an asset rather than as a currency.

Yes and I agree that it depends on an individual preferences and perspective. Others compare bitcoin to gold because they see this as a reserved asset and they believe that bitcoin surpasses gold in every aspect of it and that's why many people choose to invest bitcoin rather than gold. While others use this as a currency because it is beneficial in their everyday living, like for paying bills, buying some stuffs and can be converted into fiat.

[Ridwan Fauzi]

in my opinion, today bitcoin can not be named as currency, because not everyone in the world knows what bitcoin and its functions are. therefore for now I think that bitcoin is mentioned as an asset.

[AmXProX]

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 

It's an asset that you can convert to your own currency. Having a coin on your wallet don't cost anything until you converted it so it means it is an asset for now. Not much businesses accepts it in exchange of a product for now.

[centralbanksequalsbombs]

LOL - such a silly premise in a system where world fiat credit/currency is incredibly unstable with insane pumping and expansion of US Dollars, Indian Rupees, Chinese Yuan, Japanese Yens, and Euros in supply is nuts. Bitcoin is both asset and currency but is deflationary compared to the scam-fiat-currencies that are inflated with high emissions. Bitcoin is approximately 0.5% (or half of one percent) adopted in the world, it has become much less volatile with time and will be much less volatile once it is 1.5% adopted by word...and will be incredibly stable once it's 2% adopted. One day, many years from now, when it hits 6%-7% adoption the ramifications to the world's financial systems will be epic.

The people around the world are becoming too smart in seeing through the fiat currency schemes.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES??
CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.

Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Don't you know what a database is? A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!

BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.

hacks (these people may have been well-meaning previously...but people change...):
Mike Hearn : “the "Bitcoin experiment" has "failed." goes on to Ethereum an app coin.
Hearn - Big Bank Bitcoin Bully - https://medium.com/@tradertimm/hearn-big-bank-bitcoin-bully-c61531c082e#.okh9viyze
Craig Wright - desperately claimed to be Satoshi & then flees fraud trying to file a bunch of IP patents! LOL!
Mark Karpeles
Paul Vernon
Josh Garza
Roger Ver
Jeff Garzik (2017 recent; hard forking BTC1 / segwit2x)
"Jeff Garzik wants you to connect to his Bitcoin transaction analytics (spy) company Skry, by default, in the SegWit2x fork. Jeff is a sneaky snake!":https://www.reddit.com/r/Bitcoin/comments/6n9grc/jeff_garzik_wants_you_to_connect_to_his_bitcoin/
Barry Silbert (and his DCG portfolio of companies-ie Coinbase, Bitpay, sponsoring ilk of Jeff Garzik characters)

[Rifat0099]

Bitcoin is both currency and asset. But first all people known that bitcoin is a crypto currency. But now bitcoin price is so high. So now bitcoin is one kinds of asset. People hold bitcoin for profit. Asset also hold for profit. Now bitcoin is most popular crypto currency. If money is asset then bitcoin also a asset. Because money and Bitcoin both are currency. Now bitcoin holding is a great business. So i think bitcoin is not only a currency it is also a asset. Thank you.