Bitcoin is an asset or currency.

[sayulita]

I think it is an asset because it needs to be used like a currency to be a currency. For example it needs to be used for goods and services in our everyday lives and I hope in the near future when more businesses adopt this medium of exchange then we can call it a currency.

Bitcoin can be considered both as an asset and a currency.People hold bitcoin for future purposes and wait for the price rise.Like gold,people also save bitcoin.This is the quality of an asset.Bitcoin is also used as a currency because it can be used for transactions and payments too.Now more and more people are joining bitcoin so as to earn money in a short period of time.

[1714007821]

1714007821

[1714007821]

1714007821

[1714007821]

1714007821

[1714007821]

1714007821

[ToyotaFortuner]

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 ??

bitcoin in my opinion is both because the assets or currencies that can be interpreted from personal, bitcoin into money when bitcoin has a sale value and can to buy what you want.

[Peashooter]

It depends on people. I am in need of money for basic needs.  So if I get btc  now,  I ll better use it for my expenses than holding it. But it may some time to save more bro as an asset. Hope this happens so to everyone.

I absolutely agree to that, it will depend on people on how they used it because some people prefer to used as an asset while there are people prefer to used it as currency. In addition to that, I think for me I will prefer to used it as currency where I can exchange it in some valuable things.

[Falgorn]

Bitcoin is not an asset, but a currency. Bitcoin is not an asset, as it does not generate cash flows for its holders.
This is not a commodity, because it is not a raw material for the production of anything useful. The only exception, I think, may be if it becomes an essential component of smart contracts. In this case, probably, bitcoin will be able to take on the role of the commodity
The choice is whether the bitcoin is the currency of bitcoin - it's a currency, although not very good, as it has limited recognition as an intermediary in the exchange and too volatile to be a means of preserving value.

[oaz7t]

Bitcoin was originally developed as a currency for dark web and to exchange money and other transactions
But later on the demand for bitcoin went on increasing and people started buying it as an investment
And now it has become an asset, the value kept increasing and people started gaining profit from it

[weblaraveluser]

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 ??

In my own opinion, bitcoin is really an asset because it is not a fiat or physical cash but still, it is a currency so you can consider cryptocurrency as an online money like a credit cards. Bitcoins is not bad because there are a lot of people who are earning a lot of money from it and it help peoples lives.

[cryptojoe]

I think it's both.

[alexsamudra]

bitcoin is a great digital currency asset we use as to welcome the future, but it could be as a bad asset it depends on bitcoin users. If you use bitcoin as a trade as a benefit of the eye it is a good policy, if you use negative things to eat you will get a risk that will make you worse for the future. then use bitcoin well and to build your economy for everyone, even you can invite people to join bitcoin to earn extra income to improve their economy.

[roshanface123]

We can't say bitcoin as an asset because it price fluctuation is the main reason for that ,and also there is no place for risk in case of assets. Then we can call bitcoin as digital currency which is exists through internet.

[BitcoinPaw]

I think that bitcoin is very flexible in this case . As currency it's very fast and safe , thats why people mostly choosing bitcoin. Bitcoin as asset is also good because it is limited currency so price is always high.

[Lodipetmalu]

Bitcoin is both currency and asset. It was currency in such a way that you may use it to purchase. It was an asset because it was you investment wherin it can produce profits.

[cryptojoe]

It is surely an asset for it is a currency, that finds it more efficient to use.

[bapetdik]

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 ??

Bitcoin can be interpreted as both. Sometimes bitcoin is like an asset because we store it and hold it for long periods of time. And also sometimes bitcoin like money we use to transact. That's my opinion.

[Cholidm]

if the asset is something in the form of a real object of value we can feel we can hold its existence but if the currency is a digital existence is not in physical form only binary numbers are both equally valuable thus the currency is a non-physical assets whose usefulness is the same as physical assets

[wallstone]

Bitcoin the online the currency, which in our lives asset as work. btc who we asset or currency both of them to think we can.

I think there are time that bitcoin can be used as currency where you can used it to buy some stuffs that you want or need and sometimes can used as asset where you can earn money. Lastly, I think you can used as currency and asset and it would depend to you on how you use it.

[Sum24]

completely agree with the sentiment that bitcoin is no longer a currency and is now considered an asset.

a currency should in theory not have major swings to its value and be relatively cheap to transact with, bitcoin no longer meets this criteria.

It’s actually it’s both currency and as well as asset because you can buy a lot of things from bitcoin and it work same like other currencies you can also pay your bills through bitcoin and there are a lot of people who are using bitcoin as an asset because if you will keep bitcoin save so after some time it will give you a very good profit because bitcoin is the only currency which can help you today and also it can help you tomorrow.

[olatslodi]

As far as I know about bitcoin is a currency that can be used as a transaction tool without state restrictions and it tends to be used as an asset as well. Due to these prices more and more investors get attracted towards it. Bitcoins is not bad because there are a lot of people who are earning a lot of money from it and it help peoples lives.

[JohnWick_Bitcoin]

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 ??

Bitcoin can be called as an asset because this coin is digital and it was never meant to become popular if it does not have any value. Bitcoin become currency because it can be used to buy products or any goods online and it that way we can call it as an online currency since it was just like a credit card.

[Stradivarioos]

Well, you can also use it for different purposes, someone sees it as an asset, and for someone it's a way of buying or translating. But I have to agree that for the most part it is an asset)

[almaroof]

I personally believe that btc is more of a currency than an asset.


I dont store btc, i trade with btc