Is Bitcoin a currency or asset?

[MrRiuss]

i think you can called it both, a currency and an asset. as a new currency that begin acknowledge by all over the world, and then you can save it as an asset

[1715671428]

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[serverus]

Well in my opinion, bitcoin is more like an asset. Because currency is defined as a money system that is commonly used in a nation or country. Since there is no specific country that uses bitcoin as currency it is more likely as asset. Its an asset because its value fluctuate and its value compared to its last year's equivalent is much higher now.

[TeksLaban]

for me, it can either be an asset or an currency. it will all depende on you and your country. asset is defined as your own money/investment. currency is defined as money used for every transaction on each country. so the word asset and currency is very different

[Cloak1]

Legally there are usually pretty strict requirements that need to be satisfied for something to be considered as a "currency” (i.e. it’s issued by a government). Since those requirements aren’t satisfied with bitcoin, it’s natural to for it to be considered an asset. Besides Bitcoin is an investment, not a currency, per a recent ruling. Unlike stock or bonds, no one stands behind it and it represents no real value.

[pletnevihor]

It is a well-known fact that the balance sheets of all major central banks - the Fed, the ECB, the Bank of Japan, the Bank of England - at that time have grown strongly.

[melliana]

I think bitcoin is an investment asset in digital form. It would be nice if everyone looked at bitcoin as an asset. If used as a means of payment is certainly more practical, done without intermediaries and is final but when a complaint occurs, no one responds. If bitcoin as currency can be used for illegal activities such as money laundering to financing terrorism.

[Crowdsale.network]

We know that Bitcoin is defined as digital money within a decentralized peer-to-peer payment network. But nowdays Bitcoins are mainly used as a speculative investment and not as an alternative currency and medium of exchange.

[tegarp90]

for now i think it's an asset, because the price is fluktuative right now.
But i'm sure one day it will be a world wide currency

[Max.junior1]

I just think that bitcoin is a currency, like any other currency. Only Bitcoin is a digital currency and can be used as a way of investing by investors. Bitcoin can be used for legitimate transaction tools, such as online payments, electricity, and other bills.

[NashAmajh]

Bitcoin is both of them: currency and asset.actually between is a global cryptocurrency, but we can use Bitcoin as a currency through online and we can convert Bitcoin into cash.after that we can use this cash to do anything we want. that's why Bitcoin is currency as well as an asset.

[elbimbo012]

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  

for me bitcoin is a virtual currency  though it does not exist physically still it has a value  in virtual world which can be convertable to real fiat and in due time there is no doubt it would be the primary  currency  to be used in online transaction

[Jackblack90909]

Bitcoin is mainly a currency, but it is also an asset. It was created to be a currency and it is already used to buy and sell goods, services online, just like fiat currencies. But since its price keep rising highly it is also considered as an asset, and many investors trade this coin with big amounts of money, and some hold BTC for long term periods.

[azisdoank]

well i think,i believe bitcoin is both a currency and an asset.  Since the previous reply defines what an asset is and bitcoin fits it if you do not consider it as a currency and  bitcoin can serve the dual purpose of being an asset and also a currency. it's a currency because it's has gained acceptance as legal tender for the purchase of goods and payment for services. On the other hand it's an asset because its serves as a store of value due to its volatility. people buy Bitcoin and keep for the main purpose of seeing it appreciate

[ikiscream]

in our country currently can not use bitcoin directly.butuh process profit making its currency. so I think currently only bitcoins for assets have value that appreciates or depreciates depending on the market

[bucsky]

I think it could be both. But presently it is more as an asset.

[bajigur894784]

Is Bitcoin a currency or an asset? hmm .. In many ways, cryptocurrency like bitcoin is really a digital asset. But, I think, There are several sides that distinguish the two.

There have been several misconceptions about the term "digital asset" and "cryptocurrency" all along. You may see those two words are often used interchangeably but technically that is not true.

Cryptocurrency such as Bitcoin was originally created and designed to be used as a predictable currency capable of replacing cash in the future, while digital assets, on the other hand, have a greater purpose than as a means of payment. however, today many people consider bitcoin to be a currency as well as a digital asset.

[dangwapo311]

I think bitcoin was originally made to be a currency not an asset. Bitcoin was made to be like fiat and to be used as a mode of payment. But due to the high demand and popularity of bitcoin, people took advantage of this and used bitcoin as an asset like gold. Now people are going crazy and is treating bitcoin like a digital asset instead of a digital currency.

[hibiscus]

Bitcoin is an electronic asset and a very powerful transaction media.Its property has widely accepted by the business community
world wide .Bitcoin is the first crypto currency ,a decentralized one so that no third party controle over it only the buyer and the seller  knows about the transaction. Bitcoin is a strong transaction media has widely popularized due to its certain positive features so that  it could develop the investors confidence and its  market value increased..Shortly bitcoin has the potential to become a global currency.

[HunterBTC]

It seems that if you look at the uses of Bitcoin, many are already using to exchange goods or others using Bitcoin, we can say if Bitcoin is a currency and we can also make Bitcoin as an asset because there are also many investors who see and use Bitcoin for invest.

[NNMT]

In my opinion, bitcoin is a currency rather than an asset because it does not generate cash flows when standing independently from those who hold it until you sell it.