Bitcoin is an asset or currency.

[barabut]

In my point of view crypto money, especially bitcoin, currently it is an investment in some point rather than a currency.
In recent days, the Swiss National Bank (SNB) President Thomas Jordan, who spoke at an event in Basel, Switzerland, explained the use of crypto money as a payment method. Known as the central bank in central banks, Thomas Jordan, known to work as an administrator in the international payroll bank, also confirmed that the central banks around the world are closely examining the crypto money issue. These seems to be changing the meaning of it.

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[finlandais]

It can be considered as both asset and currency.Asset  because it is an investment asset that provides us huge profits and currency because it is a form of digital currency that has a bright future and which provide us the facility of online transactions and has a tendency to be used as mode of payment  just like fiat in the future.

[TorbiK]

Currency can also be an asset. Bitcoin is our everything. And the currency and the asset. Every day, there are more and more opportunities to pay Bitcoin.

[Sowik]

Currently it is used as both. Its all up to you and how do you wanna use it. Currency or asset, doesnt matter.

[Naoko]

it can indeed be used both as an asset and as a currency.. as an asset at the moment is more acceptable to me...because as a currency - potentially problematic - there are not many polaces where it can be calculated by bitcoins

[lance04]

Both, bitcoin is an electronic currency that you can use as a medium of exchange in different financial transaction. At the same time it is your asset for your bright future; which will secure your investment and earn a high interest. Bitcoin plays the two big roles in human’s life, wherein it’s not just only a simple currency but it helps your life become easier.

[Matimtim]

Generally bitcoin is just a currency but if you have bitcoin  and you hold it in your wallet for the better future of bitcoin, we can call bitcoin is an assets or a representation of your wealth because bicoin is considered as wealth .

[Aaroenz0r]

I dont think so. Bitcoin is an asset more than an currency. Because the transaction speed is too slow. But you can store it likes an asset for the future

[JTASSOCIATES]

Bitcoin is the only currency (cryptocurrency) having two roles in the society which giving the very big returns where non of the currencies can even come close to it so I consider bitcoin as asset. About currency this is the next generation currency which give us the possibility to access worldwide and alternative for the paper currency. Now the world has realized that bitcoin is part of the world currency and they have to update themselves accordingly.

[xamxam]

Bitcoin is an asset and a currency, why? because we all know that when something has a value it is an asset and bitcoin has a value we can convert it through cash when we need it. bitcoin a digital currency that we can use online. When you invest in something using bitcoin it is also a part of currency.

[Juandaavalencia]

It's both, Bitcoin is an asset and a form of payment, bitcoin is programmable money.

[katiecbell]

Bitcoins is a digital currency but it can be also your asset at the same time because the value of you coins is growing and that what makes bitcoins good for longterm investment. Everyone is investing in bitcoins because of its currency.

Indeed, It depends on the user how he wants to use it. Bitcoin has dual nature and offering variety of services to the community, personally I believe this is the reason why bitcoin is so popular these days.

It has something for everyone i.e. investors can sue it as long term investment instead of gold and real estate, retailers can use it for clearing their payments, students can use to clear their tuition fees. In short, bitcoin is a complete package for everyone.

[khayecee13]

Bitcoin is a virtual currency, as definition itself says, it is a type of virtual CURRENCY as it is sometimes used on online payment transactions.
Well, it can be an asset if you will try to make it grow and make it wealth.

[stayeduptolate]

Bitcoin is the only currency (cryptocurrency) having two roles in the society which giving the very big returns where non of the currencies can even come close to it so I consider bitcoin as asset. About currency this is the next generation currency which give us the possibility to access worldwide and alternative for the paper currency. Now the world has realized that bitcoin is part of the world currency and they have to update themselves accordingly.

Bitcoin is a cryptocurrency.It requires internet connection and knowledge about how to operate it.It is very volatile so we cannot predict what will happen next moment.Though it has increased in the last eight years,still there are instances where the value of bitcoin has come down.But people still invest in bitcoin due to this factor only.Gold is an asset and stable.So there is very little or no growth in its value.So people generally avoid investing in gold as profit margin is very low.Dollar is a currency which is stable and is very powerful.

[Trela]

Bitcoin is a virtual currency, as definition itself says, it is a type of virtual CURRENCY as it is sometimes used on online payment transactions.
Well, it can be an asset if you will try to make it grow and make it wealth.

How to make it wealth? I do not understand your said! Bitcoin can makes your life be good more but you can not make the price of Bitcoin increases while you do not have enough money to pump the price of Bitcoin as the whale.

[rasho321]

I don't think that people understand what money is. So you end up with attempts at definitions that are basically just appeals to authority.
All currencies are assets, and the concept of a "currency" is an incremental value, not a binary definition. Money/currency is any store of value, a measure of value, and a unit of transaction. Obviously, anything can be a currency. Cigarettes and ramen are currency in prisons. Coconuts might work, but it would be a bad currency.
But all currencies fundamentally bootstrap themselves as valuabke assets with controlled inflation. Gold is a great currency because it is highly valuable, but is very difficult to inflate (has a high marginal cost of production). Bitcoin just replicates gold's behavior and improves it with quantitative, symmetrical growth information. So bitcoin is:
1. A store of value. In fact, arguably the best. On its own, it is the best performing asset for 7 of the past 9 years. Furthermore, due to its enormous alpha and zero (uncorrelated) beta, you can actually increase returns AND decrease volatility by adding it to your portfolio.
2. Unit of transaction: One of the most transactable assets in existence. Huge for remittance processing and easy payments, especially beating out expensive alternatives like western union, without regulatory constraints.
3. Measure of value: Certainly not the most common unit of value. But i find myself pricing things that i buy often with bitcoin IN bitcoin, rather than thinking about the dollar value of them, because there are some closed economic loops that don't touch fiat anymore.
Even though it's volatile, yes, bitcoin is also the asset that is most rapidly accellerating toward currency domination. Its fundamental value places it in high demand, and that is fundamentally all that is necessary. From there, the network grows exponentially because users are incentivized to adopt the asset not just from fundamentals, but a growing network that organically creates value via metcalfe's law.

[A Fahriz Thiago]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

Maybe now bitcoin is a very valuable asset for the future, but hopefully bitcoin can be a currency for the means of payment of goods and services in the future.

[paparexon0414]

I believe it's an asset and a currency (online currency).  Nowadays biycoins is keep as an asset because of its value rising.  Also as currency because in online world people use it's as a form of money to buy things online,  much more convenient.

[Slipknot79]

If FIAT and US dollar were considered an ASSET then so would Bitcoin.

FIAT is classed as a currency therefore Bitcoin is exactly the same....

[zemb]

I think that Bitcoin is both assets and currency because Bitcoin is world's most cryptocurrency now.  It is an asset to invest because of the growing price is increasing day by day.