Is Bitcoin a currency or asset?

[kafiddrhman]

bitcoin is a digital currency that has a function equivalent to a real currency even though it doesn't have official legality, but now bitcoin is more likely to be a business asset that has benefited from bitcoin price fluctuations, taking advantage of characteristics of investor growth bitcoin as well traders who do their activities with bitcoin are now increasing.

[puturo]

Bitcoin is a currency a cryptocurrency to be specific. It is also an asset in a sense that we can get profit from it through bounty and signature campaigns.

[barabarian1]

bitcoin is asset, still asset and always be asset.
we earn bitcoin to be rich. and im sure all people here earn it and use for their benefit.
unstable price is best reason to be asset. in short time we can take profit from hold this coin

[mrqzwoboi]

In my opinion, bitcoin is an asset. Why is that? Let's look at the bitcoin price when it first appears. Has not it gone up many times now? So making bitcoin as an asset is a very appropriate choice.

Bitcoin is my asset when I hold bitcoin.

[Fantastic33]

First lets define the difference between currency and asset. Currency is a form of money issued by the government that is used to purchase goods and services, and has a stable value. It is a medium of exchange and has 5 properties such as: Scarcity, Fubgibility, Divisibility, Durability, and Transferability. While on the other hand, asset is any owned property having a value and yields some returns if it is sold.
Based on the difinitions, my opinion is that Bitcoin is both SOMEWHAT a currency, but can be considered as an asset because of the following reasons:
A. Bitcoin is somewhat a currency
1. It is a form of digital currency which can be used as a medium of exchange even if it is not considered as currency by banks and is not accepted by the government.
2. There is a certain number of bitcoin in the system that may lead to scarcity or shortage.
3. It is divisible, meaning it cam be divided into smaller unit.
4. Since bitcoin is digital, it can be tranfered from one place to another (same with money), but transactions are peer to peer. Decentralized.
5. Bitcoin has a fluctuating price compared with currency whose price is stable.

B. Bitcoin as an asset
1. Just like any other asset (land or gold) its price also continues to rise with time.
2. It yields some returns when sold (just like when we are selling bitcoin when its price goes up).

But whatever it is, whether an asset or a currency, all i can say is that, its one of the greatest innovation when it comes to finances. It is very beneficial. Hope that one day, bitcoin can be adopted in the different parts of the world. Hope the government would allow its use. Lets all be positive about it.

[youngagethinker]

I think bitcoin can be said as currency and assets. Because Bitcoin can serve as a tool of currency transactions. If it is said to be an asset because some people on average hold bitcoin and do not sell it, maybe if the price is suitable will be sold.

In some extent you thinking is right that Bitcoin can be said as currency or asset. But according to my opinion it is better than currency or any other asset. The price of Bitcoin is growing up. It can return more profit than any asset like gold or bank balance. Whenever someone need of cash, he/she can sell the Bitcoin in high price and get cash with easy and fast way.

If you are holding a lot then you are treating it as an asset because you already chose it as an investment instead of buying some land. If you are benefitting by it's transactions and using it as a model of payment then it is a currency. This just depends on how we use it but again it can be treated as an asset and a currency as one.

The price maybe going up but if you're really treating it as an asset you don't care for the price right now because you're going to store it for years and pass it to the new generation.

[Cryptohad]

I see that bitcoin today is still limited to currency innovation, so many people say that bitcoin is a virtual currency asset. bitcoin will be the currency if the world starts receiving BTC.

[tachi641]

Volatility cannot differentiate between an asset and a currency.A currency can be traded and an asset cannot.This is the basic difference and bitcoin is a currency not an asset

[jonosutio]

bitcoin may be an asset or currency that we should use as a tool that benefits all of us, so you may use bitcoin to invest in order to gain greater profits. bitcoin is a digital currency that you can use to transact online. storing bitcoin will be lucky in the future, as bitcoin prices always increase. and you can also store the safer bitcoin of the cold bass. for me bitcoin is the most valuable asset that must be stored very neatly.

[Aileen C.]

Your right. For me also bitcoin is wether an asset or currency. Because bitcoin has an unstable value we cannot say its currency. As for assets, its untethered from  regular economy where fiat currencies more traditional way of exchange and value.

bitcoin may be an asset or currency that we should use as a tool that benefits all of us, so you may use bitcoin to invest in order to gain greater profits. bitcoin is a digital currency that you can use to transact online. storing bitcoin will be lucky in the future, as bitcoin prices always increase. and you can also store the safer bitcoin of the cold bass. for me bitcoin is the most valuable asset that must be stored very neatly.

[princesspoppy]

Bitcoin is both currency and asset. Most people use it as an asset where they keep bitcoin and hold it for long period of time because they believe it will increase its price and time will come where they can gain more money from it. Also bitcoin now is widely accepted as a currency and more and more people use it in transactions for its convenience and for the reason that it can be used internationally.

[Lalafell]

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 .

I agree that bitcoin cam be currency and asset at the same time and it would depend to you on how you would used it. In addition to that, you can used your bitcoin as asset but I prefer to used it as currency where I cab exchange it into some valuable things.

[gurupauts]

I think bitcoin is a currency and also an asset because with bitcoin we can buy something and we make bitcoin as an asset for the future because bitcoin is very profitable

[styleblue]

this is a currency because it can be transfered ....governments just tryinhg to taG IT AN ASSET bcause of taxes

[White Christmas]

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 .

Exactly it will only depend on the holder if he kr she will going tl used it as an asset or currency. Homestly speaking some people keep it for their future and for in case of emergency and sometimes also for buying things that they want and need in their life. Its good to used bitcoin in these two way to have a better future and to satisfy your need.

[Gheka]

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 .

Exactly it will only depend on the holder if he kr she will going tl used it as an asset or currency. Homestly speaking some people keep it for their future and for in case of emergency and sometimes also for buying things that they want and need in their life. Its good to used bitcoin in these two way to have a better future and to satisfy your need.

Agree, depending on the user but I think most people would think bitcoin is an asset instead of currency because the value of bitcoin increases over time, it will bring the greatest benefit to the person that holds it, so not too many people think Bitcoin is a currency, use it as a currency is too wasteful. In addition, bitcoin is slowly being banned by the government for use as a currency, people should only consider it an asset to invest, using it as a currency will face more unnecessary trouble

[Beroximos]

For me is BTC both. I use BTC for payments as same as I keep my another BTC as an asset for next years.

[Bagorrr]

For me Bitcoin both. It has too slow speed for trx
Hope Lightning Network will accelerate its power

[heroic25]

I think its both bcoz it can be used as currency you can buy many things against bitcoin and at the same time you can consider it as asset so what I think its both currency and asset.

[jorinu]

Also referred to as currency may also be referred to as property. Bitcoin is not a payment method but you can use bitcoin to buy other coins. Bitcoins are high value when you sell them. You will have cash that is your property.