Is bitcoin an asset or a currency?

[ross09]

As far as I know, bitcoin is now considered as an asset and a payment method in some country. It's a very long way for bitcoin to be a currency.

Investors and early adopters like these (bitcoin) assets because they are untethered from the regular economy where fiat currencies, more traditional forms of exchange and value transfer reign the day. It is not without a sense of irony that part of Bitcoin’s rapid ascent this year is owed to the fact that traditional economy players are now paying close attention to this asset class. While some of this attention remains negative, profoundly confused or ambivalent, such as China and South Korea banning initial coin offerings ICOs along with ongoing attempts to regulate a fundamentally decentralized platform. Add to these negative views Jamie Dimon’s full-throated attack on Bitcoin including the threat of terminating any JP Morgan employee caught trading in the digital asset, and the unwelcome news levied against digital assets continues to mount. With each puff of hot air, however, as if in open revolt to traditional economic order, Bitcoin continues to defy the odds taking investors to stratospheric heights where the air begins to thin and bubbles traditionally deflate.

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[azker]

this questions is twisty. well, to some people bitcoin is an asset and to another person bitcoin is an investment. But which ever way we all see it, bitcoin remains relevant on both areas either as asset or as an investment. lots of people are now investing lots of their money into bitcoin because they believe that even if it falls in value today it will surely skyrocket within a short while. so people who invest into bitcoin systematically turns it to an asset by leaving it there to continue growing because they believe so much that their investment cannot suddenly get lost into thin air.

It was meant to be a currency for everyone with good fees and speed. But now the speed is shit af, and the fees is retarded g

[Df9898]

I think bitcoin a currency because bitcoin use for transaction and much people use bitcoin for transaction and if asset people dont use bitcoin every month for transaction.

[rockyboy]

Bitcoin is a digital currency it will become an asset if you will invest for a long term of investment with bitcoin. I guess it may be an asset since you acquire something from your savings.

[sniper2018]

For me bitcoin is a currency.It is only a digital currency that no government involved.Unlike real money who controlled by governments,this currency is private and it is used as payments in transaction online like paying bills.The good thing with this coin is,you can earned this even without capital.You don't need to be physically fit in ordrer to work and have this.

[hafeezbaloch]

both... you can say currency or asset..

[Larva14]

Temporarily considered to be an investment, the value of the embodiment is not very obvious.
 

Actually, it will depend to you on how you will used it because some prefer to used as an investment, asset and currency. On the other hand, bitcoin is a good investment for long term where you can make huge amount of money and income. However, you can also used as an currency where you can used it to exchange in some valuables things.

[DoublerHunter]

Bitcoin is an asset and currency at the same time, i said asset because the price of bitcoin is moving up over the time and that makes people to earn just because they have bitcoin and they are holding it. Bitcoin is a currency also because there are stores or places that you can use your bitcoin to pay stuff or item that you are buying.

[rog1121]

I believe that BTC is both an asset and a currency. Some people use it for their everyday payments as a currency and others to hold value (asset).

I also think when more merchants start to accept BTC or any other altcoin as a form of payment, people in general will be more comfortable to use it as currency and eventually BTC will replace fiat.

Few people anymore actually use it like a payment currency anymore unless you are rich and do very major sized BTC purchases

[queenhallmark]

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

In my opinion, bitcoin is not an asset but bitcoin is the digital currency and we can invest it in it a huge profit advantage

That is exactly what an asset is lol? You invest in something if you’re expecting a rise that’s an investment asset for you? Tf

[tikosewad3869]

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.c[Suspicious link removed]m/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

Bitcoin is more appropriately called an investment asset in digital form or called a digital asset, until whenever the use of bitcoin is not to replace a currency known as a payment system in another country, because the first currency is complicated, both transactions are not easy either. . I want to pay must convince them first to receive.

[Dico88]

There is no doubt that bitcoin is a kind of valuable asset like gold or silver. This can be due to bitcoin has its own value and price increases every day.

[fishball]

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

It can not be considered as currency since it is not yet legalized yet it is not illegal. And also due to the fact that it is only virtual that the government does not acknowledge it. On the other hand, it is an asset that you can trade it for a real money.

[hackzang12]

In my point of view they are asset and it can be a currency- a digital currency where in you can trade it to other currency around the world. but ofcourse some people don't know how to use it. We're all changing we should teach our friends, families and relatives on how to use bitcoin as a payment category.

[dzhan]

I think Bitcoin is mainly a currency, it is created to be a digital currency, different than fiat in many ways. But it is also an asset, because it is value and price are increasing highly in short periods of time. So people hold it for making good profit since its price is increasing faster than other currencies.

[viarathel]

Bitcoin is generally a currency, but in my opinion it can be because bitcoin on one side can be used as a means of payment and on the other hand bitcoin is stored for future goods and this can be regarded as a very useful asset for bitcoin users or investors.

[gabinsight]

Bitcoin today can be compared to Silver and Gold (minerals) which are certainly assets. In our lifes Silver was used as currency but it is used no more. From this comparisonsit is obvouis Bitcoin is not a Currency but an Asset. The volatility of bitcoin is another factor that makes it impossible for it to be called a Currency.

[Melquart]

Bitcoin was a currency. Now people are treating Bitcoin as a tradable asset.

[ayeba]

Bitcoin is an asset. It is one of the most successful assets on the planet right now because it's a global speculation & investment. Unlike a currency, which is used to assign and exchange value, an asset has its own inherent value based on what people will pay for it. Asset it is.

[favor222]

In my opinion bitcoin is totally an asset. You can pay and withdraw and you can do many other things.