Is Bitcoin a currency or asset?

[trader34]

In my opinion, I think that bitcoin can be considered as both things. It's a currency, because you can buy goods with it (and probably more and more in the future), but it is also an asset, in fact it's considered also a store of value.

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[rhamdy]

I think Bitcoin is more suitable if used as an asset than currency. Because if Bitcoin is used as an asset, Bitcoin's price will definitely go up and it will be profitable for us especially if we use its assets in the long term. If for Bitcoin currency is less suitable because the value of Bitcoin will never be stable. I would prefer if Bitcoin remain as my investment asset for the future.

[odakorlina]

In my opinion, we can call it the same, it's currency because it's used in transaction. and an asset because it is rising or decreasing as well, such as a home and land while the value is increasing or vehicle as the value drops as they last. we can compare those things into bitcoin as an asset.

[normensky012]

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, according to my understanding of finance, it's a currency. After all, it was created a currency of the internet, the first digital money to solve the double spending problem. Bitcoin is used as payment, peer to peer and trustless. The way I understand about an asset is something that gives you continuous money/value. And something is called liability when it continuously takes away a money/value from you. For example, you purchase another house. If that another house generates profit then it's an asset, but if you keep paying for it for maintenance and taxes and doesn't give profit, it's a liability. Bitcoin doesn't give a continuous profit or continuous loss. The value only based on what people want to buy it or how much they want to sell it. I don't consider them as an asset but I would rather consider them a commodity. A commodity is something that is a product of agriculture or mining and has an economic value. Bitcoin is a product of mining. (product of those expensive, energy-hungry, noisy computers) Therefore, in my opinion, Bitcoin is a currency and a commodity. Remember back in the early days, grains, fruits, and livestock can be used as currency to buy other goods. And those grains, fruits, and livestock are a commodity because its an agricultural product and also being used a currency to pay for other goods or asset, even tax.

P.S. Fiat currency is also highly volatile, Just look at those fiat currency pairs in forex. So volatile.

[emerejames]

Bitcoin can be regarded as currency and it can also be regarded as asset too, because it can be use for transaction as a medium of exchange and it can be kept for future use which  are both currency and asset

[SAPNA08]

for those who just trade in btc it is currency and for those who just invest in bitcoin for safe future it is asset

[anahawjeff21]

For me, bitcoin is currency, because i used it in specific transactions that accepts bitcoin as payment, maybe for those choose bitcoin as an asset, they invest it for future purposes.

[mininghubby]

Bitcoin can be regarded as currency and it can also be regarded as asset too, because it can be use for transaction as a medium of exchange and it can be kept for future use which  are both currency and asset

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.

[Techno012]

My opinion is that bitcoin is both currency and asset.It is asset because if you hold bitcoin when the price rise you can have more profit.On the other hand it is currency because you can store them on your private wallet and can get them in cash any time you want.

[Gix]

The old Bitcoin, as it stands now, is not a practical p2p electronic cash anymore. It's being neglected and glorified to "digital gold" where all you should do is to hodl. For currency, it needs to circulate constantly. Well, guess what. It doesn't.

So to answer your question, it's an asset. Sigh. 😔

[jakoylantern]

For me, you do both sides if you want, but it always depends on the person what will he/she choose it's their currency or an asset. But this day’s most of the people use bitcoin as an asset to make money into cryptocurrency, and even bitcoin’s amount is fluctuating too much the bitcoin’s community is still growing fast because they know that they can earn plenty of money with the help of bitcoin. But you can also use bitcoin as a currency even it’s digital it is still currency, and you can use it to buy the things that you want anonymously and with less fee. 

[Glutius]

Now bitcoin is an investment almost  for everyone, as the number of places where you can use it as a currency is minimal.

[Crypto maker]

bitcoin is both for me.bitcoin is based of the community.bitcoin is currency and  future as a assets.bitcoin is strong of power.it should ue use many ways.you just fucuse.you have to be a profitable.both of this important.

[santosummer]

In my opinion, bitcoin is the currency and also the asset. Because some people have sold their property to invest in bitcoin. It will carry the same meaning as property. Depends on the perception of each person. And bitcoin is very important in keeping and securing. All information about online wallets is risky and can evaporate at any time.

[monmoni]

It is a currency that could be an asset, because you able to kept them and the value could be increasing and also could be decreasing.

[wasaisisisi]

Bitcoin does not yet fit the definition of currency. It also can not be a commodity, because it itself is a measure of value. The concept of a financial asset is most suitable for bitcoins. Although all these concepts are conditional. They were written and written when the cryptocurrency did not exist. With the advent of crypto currency, these concepts need to be revised.

[RoftheN]

Bitcoin was created as a digital currency but it isn't a currency. It's just too volatile for that. People use it as an asset. So I would say it is a digital asset for now.

[gsmbimol]

For me bitcoin is both.My opinion that its currency and assests.if we saw nearly its meanings is same.both of important them.its keeping and securing of bitcoin.

[Adapted]

Bitcoin is considered as a currency because it is a digital currency and you can call it asset as well because it is good for a long term investment. Most of the businessman are investing in this coins because the value is keep on increasing periodically.

[Irvinn]

If you consider bitcoin more carefully, bitcoin really can not be considered a currency. Most of the national money is not a currency. Currency, this is money, which also perform the function of settlements between states and there must be an international agreement on this matter. Although digital coins are called crypto currency, this name is arbitrary, it does not correspond to the actual state of things. The G20 countries intend to recognize the crypto currency as a financial asset, starting in July we will see how they will justify their decision.