Is Bitcoin a currency or asset?

[Faith Joy]

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 

If you really want to know what's a asset and liability you should see Robert kioski rich dad vs poor bad, so to quote him and explain you asset is what brings you money and liability is what takes money out of your pocket, so your car house is a liability, you can't make money from it. You need to keep on investing. Now look at Bitcoins, you put money into it and it returns that money and also adds more money to your account so it's a hybrid it's a asset and it's a currency. That's how I would define it.

Bitcoin is both a currency and a asset, currently, in most countries we can't use Bitcoins directly to buy things either in any shops or online as well so I think as of now Bitcoin is only an asset or investment. If we need money then we need to sell the asset and use that money to buy other things. When we can buy things directly with bitcoins then we can consider it as a currency until that it is an asset. I know currently, we can use Bitcoins to buy some items online but still need to improve or grow a lot.

[noictib]

In actual it depends upon that person who is using it in his own ways . From the my point of view the bitcoin is not a assets and not currency also because the real truth behind this coin is that it is a platform to make use of every another coin and also a medium to transfer the money from one place of the world to another place withthe use of internet connection without  big fee or another tax like things .
So here it is a tool to handle the money , but in the current time people are using bitcoin for many things , perosnally I myself using it for every possible work where I can make big profit like to hold for long term , trading , altcoins trading also , and buying another assets like tockens in ICOs .

[oaz7t]

Bitcoin is both currency and an asset.
It can be used as currency where it has facilities to deal and purchase goods in the local markets; allowed legally by the respective governments.
For me its an asset to trade with and get exchanged with the currency for appreciated values, as my country government does not allow it as currency.
Where as considering the volatility of bitcoin in the current condition it can be a secondary amount/currency that can be utilised.

[konco_kenthel]

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 

[/quote]
I consider bitcoin to be referred to as one of the future assets because it can be seen today that many new bitcoiner are recognizing it and can automatically make the btc exchange rate increase and can be a business place to gain profit.

[Optimusman]

For me personally this is both a currency and an asset, I can buy some of the things I need for bitcoin, and for 7 days I was lucky to passively earn $ 70, that is, my purchase at a price of $ 40 paid off completely, do you understand how happy I am? simply but pleasantly.

[Colt81]

For me currency and asset is same . bitcoin is asset becuase many people keep it for their future money and because of this value people use this to buy anything that they want like paying bills or buy a stuff  . bitcoin is currency becuase bitcoin give a profit to us .

Indeed. You can used it as currency or asset at the same time. In addition, many people prefer to used as asset where they keep it for future purposes. However, some people prefer to used as currency where they can exchange it in valuable things and you can used it in all kind of transactions like paying bills and many more.

[yourialfa]

Bitcoin is a popular crypto currency. If seen from his position now it seems that bitcoin can also be said as an asset. because we can save it and invest it. Anyway it does not matter if the bitcoin is a currency or an asset. because both are equally good things.

[oyinkansolaberry]

I think it depends on how we choose to look at it. 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. the value of bitcoin has witnessed drastic increase in recent time hence its appropriate for it to be viewed as an asset. my final submission on this, is that Bitcoin is BOTH a currency and an asset.

[siti25]

Bitcoin is a currency, as well as an asset. Bitcoin works like money but in virtual form. And if we keep some, bitcoin could be an asset for the future. So Bitcoin is a currency and can also be used as an asset. As long as we are patient, bitcoin can be a great asset. Bitcoin is definitely a currency, can be an asset but not necessarily an asset, depending on how we use it.

[yoseph]

Bitcoin is a digital currency, as well as an asset in most cases. You should declre it on your income taxes as an resource, that is certain. And some nations haven't recognized it as a currency, but it really is.a

That seemed copied but indeed bitcoin can be considered both a normal currency like the USD which gives as the real valuation of bitcoins and it can also be considered an asset just like gold because it's value can rise up and sometimes according to the world economy.

[NikolayRaev]

Bitcoin is easiest to call a kind of hybrid asset with an evolving legal framework. Digital mode: features, decentralized nature, anonymity, high transaction speed, reliability, lack of regulators. If to look practically, today bitcoin is used mainly as an investment, even rather a speculative asset. One can observe attempts to create its currency functionality, but so far this format of using crypto currency has not gained much popularity, since its price is too unstable. As the preservation of the cost of bitcoin, and even today it is impossible to use.

[Bagaji]

Bitcoin serves as an assets and at the same time as currency resean been that it is accepted as a means of exchange for goods and services just the way we all render services here in this forum. Bitcoin serve as an assets because its value appreciate over time just like traditional assets like gold etc.

[Mike Mayor]

i think it's both, because yes, we all know that bitcoin is a kind of electronic urrency, however if you simply convert it to your local money and the worth is high or you've got a large amount of bitcoin we say that it's also a good thing. because aset is something with worth and may use or purchase like bitcoin can did.sc

It is like having bonds or shares that you can spend directly because they als recognized as a currency and scc oted as such in varies places around the world and people are happy to deal with Bitcoin especially with all the added benefits a decentralized currency can offer. For me it is my future and forever investment which I sometimes use small amounts of to buy things.

[Dyn@styN3rd]

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

In my opinion BTC is both a currency and an asset. Currency because we call them often as the father of crypto currency and we also use it to pay for goods and services online.  Asset because it is also a form of investment to many people who owns BTC.

[bitllionaire]

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

In my opinion BTC is both a currency and an asset. Currency because we call them often as the father of crypto currency and we also use it to pay for goods and services online.  Asset because it is also a form of investment to many people who owns BTC.

yes bitcoin can be consider as currency as well as our assets, because the money we have are our assets, and we already using it for trading and investment, on other side bitcoin is the best option to be use for trading online, so we are using bitcoin as online or digital currency which have make it more easy for us to trade online. while bitcoin is also giving us a good profit by investing money here and holding it for some time. because the demand of bitcoin is increasing from time to time which is making bitcoin more expensive.

[richmcrich]

For me, Bitcoin is both Currency and Asset.

Yes it is an asset, it is providing its users all definite reasons to be rich in short time, it provides many chances to its users to overcome their poverty and meet financial needs easily. However a currency is not as much profitable as bitcoin, it is neither quick nor gives as much high output as bitcoin. In my opinion bitcoin can be kept safe for our children so that their future can be secured.

[lekam0213]

I would say both because you can use it as a currency in a way that you can exchange in a literal currency while an asset in a way that you can hold/save it for long term.

[djlasdlsk]

Bitcoin is good asset and currency.bitcoin has benefits on investment and easy to exchange to any currency.

[stevanprice]

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 

Bitcoin usefulness as a currency or an asset? in this case I am also confused, whether it can be called as money or if this is an asset, because the definition of money itself is generally a tool of exchange, well here arises a problem whether bitcoin can be used for the means of exchange as a whole, both upper and lower society layer. because my setau only certain people who use it.

[missyqt29]

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 

Bitcoin's price has made it a valuable asset for many investments and has seen the great potential to be use as the top world currency due to its increasing demand. The debate whether bitcoin is more efficient as an asset or as a currency would be depending on the current state of the country you live in and the side of your government in regards to cryptocurrency.