Is Bitcoin Really A Currency or An Asset?

[DrYe5]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

I think bitcoin is a currency (digital) but i dont think that it is capable from replacing fiat money in the market. That is true there atr companies who restrict the use of cigarettes at the public places.

In my opinion, if the bitcoin continues to grow as much as possible for a few minutes. It seems to me that in a few years, but it is possible. This solution is practical and more profitable for a highly developed country.

[ashfer]

As per my point of view bitcoin is both currency as well as an asset .The main activity of bitcoins is that it is a medium of exchange due to its volatility,it can be considered as long term investment and an asset.It is also a currency but its value does not remain stable and its transaction processing is really slow.i see it as a great asset for the future as it generates income

[ghost424]

Bitcoin is both a currency and an asset. If youre talking about asset, i guess bitcoin is really one of them. You can transform bitcoin into cash which is very good because you got bitcoin through the internet. Cryptocurrency is becoming a tread which is good because it is very revolutionary and one of the key in advancement of technology. There are no reports of cryptocurrency being hacked and that means that the security of these types of currency is very good. Unlike in banks, we got reports that banks got hacked and the money is transferred to an untraceable account which is very alarming to those owning bank accounts.

Bitcoin can be a capital in times of need. You can use it to start a business and all you did to have bitcoin is investing your time to gain it.

[newlone]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

I use bitcoin and I treat it as a currency because I can use it to buy the stuff I want so why is it the property?

[mbelosto]

at some countries (like in israel) government treats bitcoin as asset, meaning you should pay taxes on rate profits every time you make transaction same as stock market
at other place it's considered currency as it should and it makes things much easier

[nmaryrai]

For me bitcoin is more of an asset than a fiat money substitute. Because until now I have not been able to use bitcoin to buy something in my country and usually I sell bitcoin that I have to buy my daily needs. So I will collect as much bitcoin as I possibly can until someday if my country government legalizes bitcoin I can use it in my daily life

[btcprospecter]

Really bitcoin is a currency and an asset while it is true many are holding as investment some are spending as such. In reality something doesn't have to be sold for full bitcoin it would be at whatever the exchange price is one hundred dollars is still one hundred dollars in bitcoin.

[Gotumoot]

The bitcoins, For me it is an asset because it is my long held and I hope that it will rise in value. But we can not say that assets because bitcoins also use our daily necessities such as buying food and more. So for me the bitcoins are an asset in the same time as the currency

[bitbunnny]

Bitcoin can be both of these, depending on how you use it, and that is the part of its charm. In some countries where Bitcoin is regulated that depends on the definition that government has provide. I use is mostly as currency because that suits me the best but many users look at Bitcoin as an asset for long term investing and basis for the profit.

[GendalfTheFireRed]

Bitcoin is valuable for being a currency, so it's a currency. There is a component of long-term investment currently, but people invest in other currencies in a similar way and this does not make them something else.

[sunno330]

It is designed to be a currency and asset like gold at the same time. But as we see we can hardly buy something using bitcoin. Now it is something like a "geek currency" and used by most part of the community as an asset for investments or speculations.

Bitcoin is more Value than gold. it much more and more value, this is world currency.
Which can calleed you mother of alt coin. Anybody can't think any type of coin without bitcoin.

[Villi 16rus]

I still believe that bitcoin is more of an asset than a currency. Currency is considered to be funds that can be paid off-line, in supermarkets, restaurants, car refueling and the like. But still I think that in the future bitcoin will reach the level of the fiat currency. That's when the fun begins.

[MiBambino]

I still believe that bitcoin is more of an asset than a currency. Currency is considered to be funds that can be paid off-line, in supermarkets, restaurants, car refueling and the like. But still I think that in the future bitcoin will reach the level of the fiat currency. That's when the fun begins.

Couldn't agree more

[Jgatsby]

Based on what I read online although I don't know if it's true or not, Some countries develop bitcoin taxation rules, like America, Australia, EU, UK, Japan etc., some of them considers BTC as an asset-like value, others considers it as a currency. It all depends on your Jurisdiction, try checking your countries rules (if they had) just to make sure.

[Greenrace]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

bitcoin indeed as an asset, because it is very good for investment but bitcoin also as a very profitable exchange tool because the price is high so surely people will collect it a lot and wait time to sell it

[josephinerosdy]

for me bitcoin is an asset not currency for buy a things. I don't want used bitcoin for pay something.
I just using bitcoin for earn profit

[Hamstead]

Bitcoin could be considered as asset and currency. Bitcoin can be traded into other forms of coins and it also considered as currency because we can used it to buy things and used as payment in some bills. And some of my bitcoins are traded into our local currency, since it is not accepted as a payment in local purchases.

[Firefly Foundation]

 Due to you can use the bitcoin to have transaction on the internet like you can , in some way it can be seen as the asset, I hope in the future people can use bitcoin to buy things in the supermarket,ect.

[mikki14]

Both. It's a currecny and an asset. Just like the fiat money, cash on hand and cash in banks are both assets. Same with BTC. Coins on your hot wallet and cold storage are both assets.

[Thejesusofcrypto]

I think BTC is a currency by far. With Salt lending it could become an Asset. By default a currency.