Is Bitcoin a currency or asset?

[Imam_Dj]

I think bitcoin can be interpreted both, can be as a currency can also be interpreted as an asset

It is said to be a currency because now with bitcoin we can buy something that is sold by way of bitcoin payment

It is said to be an asset because we can keep bitcoin and can be used or sold to others when we need money anytime and can also be used for trading

[Bitcotalk]

I treat bitcoin as an asset because as a currency, the transaction fee is way too high and another thing is there only a few merchant in my country that accept bitcoin so the only time i use bitcoin as a currency is when i want to buy something digital online.

It does not matter if bitcoin is not a very good currency to transact low amounts of money the point is that you can do it and since you can pay products and services with bitcoin then the only conclusion at which we can arrive is that bitcoin is money even if it has some flaws like high fees and slow confirmations, but fortunately for us this is going to get solved eventually.

If we talk about high fees and slow confirmations, then first of all the both of them are due to the load on the exchanges. Secondly, the rate has decreased but the best results will be shown in this November when the segwit 2x will be activated with lightening network. We can wait for that long.

[BartS]

If we speak about the legal field, Bitcoin is more of an asset in most countries rather than a currency.

The law is always behind subjects like these, when the internet first appeared a new set of laws were needed since a lot of crimes were being committed online, bitcoin is no different, bitcoin is currency since it fits the bill perfectly, we could argue that there is nothing in the world more suited to be a currency than bitcoin, so if bitcoin is not a currency then nothing is.

[djselery]

In my opinion Bitcoin is mainly a currency, but it is also an asset without any doubt. It is a currency because basically its accepted and used to buy and sell things online and offline (in many cases) without any issue. But it is also an asset since its price is increasing highly in short amount of time, it is offering the opportunity to making money just by holding the coins.

[Lintel]

We can say that bitcoin is a currency and at the same time asset. Bitcoin is a currency because as we know it is a cryptocurrency and bitcoin can be used to buy things online. And bitcoin is an asset because it is really a valuable thing which is used for many transactions, like for trading, investing, and even gambling, also, many people do online job to earn bitcoin. A

yeah, I agree, bitcoin can be the same time an asset and a currency as well. literally bitcoin is a cryptocurrency which we can use to pay bills and buy stuffs online that's why it can be a currency. and  at the same time.it can be an asset because It can be used as my investment.so it is for both. what important is ,we are gainig something in bitcoin.

[fortress]

I think Bitcoin is both. But, at the current state, I see it more as an asset than a currency, because a currency is something that people use every day in exchange for things. Right now, Bitcoin is more used by traders and, of course, people who believe in it as a store of value.

[#K!LL3R]

Bitcoin reflects the definition of a currency as it can be used as money in any field today and is based upon the value of USD or other currencies.

[smartbitcoininvestor]

It is a currency in the way you view gold as a currency. Depending on the circumstance it may make more sense to do transactions with Gold. I.e. During pirate trades or jungle raids

With Bitcoin, things are a lot simpler. Sure you can hold onto your Bitcoins like a treasure chest stuff with gold coins but you can also spend it on convertible goods like pirate ships and swag. Over the long run chief, you're better off holding it as an investment mate.

[paragon07]

for me bitcoin is a asset and currency for me. because bitcoin will be my asset to make my own income, ill trade my income to make it to a better currency.

[mega]

Bitcoin is both currency and asset and it will depend on an individual how he treats it as bitcoin started its journey as an currency but over a period of time it has transformed into the best investment for the future and most of the people are considering it as only as an investment.

[mehcat11]

Bitcoin can act as both currency and asset. Bitcoin is made for that. But, most people are buy bitcoin for speculation or for trading the asset. Nowadays, i think bitcoin is not suitable for use as a means of exchange of payment or money, because the change in value on the rise and fall has a huge difference. Bitcoin is not owned absolute conditions that money must have as a means of exchange because it instability. In addition, the increase in transaction file size and also the increase in the value of Bitcoin is equal to the increase or increase in the cost of transfer. We can no longer expect cheap and fast transfer fees, because with rising Bitcoin prices equals increased fees for confirmation. For now, i think bitcoin is an asset.

[Mayora143]

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 

I think bitcoin is a currency that does not have a physical form but has a value that most of us recognizes as a form of money that is found in the internet and can be used to buy things by withdrawing bitcoin to different currency or through credit cards that can be linked to bitcoin wallets and will only be processed through the internet.

[Chyton]

Yes Bitcoin is currently treated as an asset, not as a currency. If you go to 4chan and other forums about investment, I'm pretty sure that you would find Bitcoin and other cryptocurrency as their go to investment.
Bitcoin as an asset is far superior than other assets, but of course it has its own disadvantage which is no backing by real assets so Bitcoin price may swing more than 10% a day.

[Hammonds]

For me, bitcoin is money. because I will sell it if I have a dead end in the economy. and I will continue to use it to invest for a certain period of time.

[rcoins0720]

I think for me both

why would many people will collect earn and hold if the BTC is not that good to earn yess it is volatile  but the price goes higher and higher

asset if you are the one who's the 1st gen of holders earners of BTC

currency if you want to have some money and buy and use it for the things you want to buy

[Babyrica0226]

Yes, bitcoin it is an assets or investment type also. Also it produce profit where we can able to save some money or bitcoin then hold in a long term for us to gain rewards at the right time.

[BobbyAdams]

Bitcoin can work well as an asset. Also, it can be stored securely and cheaply. Moreover, cold wallets are the best way to store your Bitcoin safely. Bitcoin is also easily exchanged in various exchanges like the Coinbase. Moreover, various regulators have endeavored to lawfully arrange Bitcoin and different cryptographic forms of currency. Many organizations as of now regard Bitcoin as an asset. The expansion in hedge fund investments and prospects exchanging through LedgerX additionally demonstrates that Bitcoin has potential as an asset.

[willmunte]

it's like a currency, you can use it to pay anything that accepts it as a form of payment.  Or you can use it to invest in projects that accept it like trading, betting, dice, ICO, ....

[corroze]

I think it depends on the usage, because bitcoin has various functions that will be very useful for all users, other than as a means of payment, bitcoin can also be one valuable asset for the present besides the price is so high, bitcoin can be used for investment and trade.

[mikegosu]

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 asset and currency, why assets because many people hold bitcoin for their future pruposes and currency because the use of bitcoin. Bitcoin is used to transfer or receives money and it is universal.