Is bitcoin an asset or a currency?

[hastag_80]

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

Booth bitcoin is an asset and currency in crypto world.bitcoin can be use as a wealth or an asset that you can give your children for their future,and also a currency that you can used to spend for daily needs or paying bills.

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[Nathland]

In the initial thousands years ago,  Kings and Kingdom where the currency is gold and silver which are now our assets.  So talking about bitcoins we can not predict where it may go.  It may be go down.  Or it may be increased.  But I think bitcoin is now currency in which you can invest also.  And you can make  money out of it.  Bitcoin prices are increasing daily.  And it has already crossed a price of $6000 so you never predict what will next in case of bitcoin.  Bitcoins is a currency for me.  Which have its own benefits and faults. 

[koeb88]

In my opinion it is both. It is used as an asset for trading and investing now and it will become a strong currency, if the technology will be appear in the next years. Some would say it will not happen, but history told us, that plastic money has a difficult past too.

[Aba]

bitcoin  have double functions, as an asset and a digital currency. But the fact is bitcoin is still used more for investment and not as a medium of exchange. Because it  takes a lot of adaptation from many companies and businesses, so  bitcoin can be used more as a medium of exchange by people

[raliyat]

If some one want to keep bitcoin for long years can be consider as asset and if the want to keep bitcoin as short time purpose it is consider as currency only. So my point of view is bitcoin is both asset as well as currency.

[arnux]

I've thought about it and it could be an asset. An asset is something you sit on and generates income and thats what bitcoin is effectively doing by holding.

[mehcat11]

Nowadays, bitcoin as use bitcoin as investment because its volatility. So i think it doesn't have profitable as medium of exchange because one of the requirement of currency is having a stable price even though bitcoin was made with the purpose of being an alternative worldwide currency. Maybe you can read more opinions in threads below :

https://bitcointalk.org/index.php?topic=2280830.0
and
https://bitcointalk.org/index.php?topic=2099175.0

[sofi@]

Bitcoin is both a currency and an asset because the classification of bitcoin falls on both categories a bitcoin is a currency because it is use as a mode of payment for something acquired also bitcoin is an asset because cash or fiat is an ownership called asset as holding bitcoin as an investment will even classified it as an long term investment or asset.

[Kprawn]

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

Stabilize for whom? Merchants? Most merchants are using Payment processors and they convert the bitcoins received, directly

to fiat as pre-arranged with these merchants. So the volatility does not affect the merchants at all, when they use these

payment processors. Bitcoin is both a store of value {asset} and also a currency... like gold, but just better and quicker. 

[Manchumichael]

I've thought about it and it could be an asset. An asset is something you sit on and generates income and thats what bitcoin is effectively doing by holding.

Yes bitcoin is an asset. if we call shares is an asset then bitcoins is also an asset. this will give profit in a long term.

[MonaLeeTracy]

If some one want to keep bitcoin for long years can be consider as asset and if the want to keep bitcoin as short time purpose it is consider as currency only. So my point of view is bitcoin is both asset as well as currency.

we use bitcoin can be an asset and can be money, both of which can happen with what we want. if we use bitcoin as an asset by storing it.

[Lampaster]

I've thought about it and it could be an asset. An asset is something you sit on and generates income and thats what bitcoin is effectively doing by holding.

Yes bitcoin is an asset. if we call shares is an asset then bitcoins is also an asset. this will give profit in a long term.

Campaigns stimulate production. Stimulating bitcoin? Plus the price of the stock has a very real component. You invest in production it increases the number of products and makes a profit. Bitcoin is far from this. The price increase is due to the increase of speculative capital. This is a road to nowhere. I can't call bitcoin an asset.

[azhar700]

for the original title bitcoin is the digital currency or electronic money. the value that keeps increasing from year to year makes some people and including me think bitcoin is also an asset, because it can be stored in a long time to get bigger profit. and I personally think bitcoin is a future asset.

[bbs98]

satoshi nakamoto may never have thought how he could find a bitcoin could be a currency and an asset for the future,
then be thankful that you have a lot of Bitcoin because you have money and future assets that make you richer in the future..

[Hannahanto]

Now the crypto currency bitcoin is considered as asset though it is used as currency for all purpose. As the value of bitcoin has grown too much and is still growing, people are buying and keeping bitcoins as like gold coins to see a good turnover in the future. So even i think of buying some bitcoins and other altcoins now.

[pentol86]

bitcoin as an asset or currency, it depend from users. some people use bitcoin for asset, because they know this coin will more valuable soon. and for some users, bitcoin is currency, because easy use for transaction, fast, and sometimes more profitable.

[jimn]

Basically Bitcoin is a currency, and it is in fact created to be a currency used to buy and sell things online and to make trades. But as its price keep increasing highly I believe it is also an asset, and could generate us good profit by holding it for long time.

[cizatext]

To me bitcoin is more of an asset than currency, just like gold the value of bitcoin is even more then that of gold so bitcoin is an asset double as currency.

[Javathon]

It is widely used as an asset than a currency given its great price appreciation over the years. But still there people who believes in the great increase in the price of bitcoin given its price as of today which gives a better look that bitcoin is considered as an asset than a currency.

[GetOutOfMyLife]

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.

In my opinion, bitcoin maybe is considered as a payment method but not asset now .. U can trade, send, and give bitcoin and they now depend on USD or some "currency".. We determind "asset value" by BTC not BTC value = anything like Gold, Silver, Oil...