Is bitcoin an asset or a currency?

[fulmetal08larz]

Currently, in my opinion, it is being treated as a store of value and an asset by most investors, far from the true purpose of bitcoin. Once it hits mass adoption and mainstream, people and the government could treat it as a currency across all countries, which could boost the economic status. We are headed towards digital age in this generation, so having bitcoin now is like preparing for the future.

[Harrow30]

Bitcoin I will say can be used as both asset and a currency. In the Cryptocurrency world and in our now buying and selling, bitcoin is now commonly used and accepted. With your own discretion, you can have it as an asset for the later future.

[rickn]

Due to its network limitations, the BTC can not be considered a currency. He is as active as gold. If the BTC wants to be seen as a currency and be transacted as such, it needs to solve its network problems such as size and its block causing congestion and high charges.

[illete]

Most of debates and articles declared that Bitcoin is not an asset because it does not generate cash flow and stand alone for who hold it,In my opinion Bitcoin is an asset which place in current asset category.

If we take a look of international definition of an asset is"Assets are the resources which can be owned by an individual or company".e.g:
Cash,Accounts receivable,Land,Building,Furniture and Fixtures.It is declared that Bitcoin is also resource and count as current asset it mean it can easily convertible in cash.Another side it also play a role of currency as well.

[1Referee]

Bitcoin is (or should be) both! No need to exclude anything

Finally an answer that makes sense. Different people means different needs and use cases, so Bitcoin as multifunctional tool can be used in ANY way people think it helps them to get something done. The name (e.g currency, asset, investment, store of value) itself doesn't matter, the actual usage of Bitcoin matters here. The more ways in which Bitcoin can be used, the more utility it has, and thus the more valuable it becomes. To add even more, people will never agree on what category Bitcoin should fit in. One thinks it's a currency, and the other completely disagrees with that and believes it's something else, and so forth. Instead of talking about what Bitcoin is or isn't (which people will never agree on), just use it and stop talking.

[LoudA__]

Bitcoin I will say can be used as both asset and a currency. In the Cryptocurrency world and in our now buying and selling, bitcoin is now commonly used and accepted. With your own discretion, you can have it as an asset for the later future.

I think it is treated as a well known and expensive asset by the most of the people who are using it. Most of the people here are always saying to hold them because it will be pumping soon which is a proof that they look bitcoin as an asset. It might be treated by some as a currency but I think it is still not a good currency but a good asset.

[teejaymuna]

To me, BTC is both an asset and a currency. I invest in it gor my future so it is an asset and I use it for most of my shopping needs. This way it serves me as an asset and a currency.

[sukamasoto]

To me, BTC is both an asset and a currency. I invest in it gor my future so it is an asset and I use it for most of my shopping needs. This way it serves me as an asset and a currency.

That's why bitcoin is unique and the best currency that ever made.
Of course bitcoin has disadvantage that cause my government still not legalize bitcoin yet.

Luckily I can still hold bitcoin as investment but can't be use for transaction.

[Cassy14]

BOTH1 THATS  what i believe and i can tell bitcoin is an investment too.

[jakoylantern]

For me, you can do or choose both things but if you can search the definition of bitcoin. Bitcoin is first digital currency that is decentralized and a worldwide cryptocurrency payment system. But when the bitcoin prices increase most of the people rapidly use it as an asset because you can make a massive profit on it. But this always depends on the user what they want to use bitcoin.

[skarais]

for now bitcoin is more likely as a business asset that is able to provide opportunities to benefit greatly from various efforts that can be done by utilizing the character of bitcoin such as investment and trading,but in addition bitcoin function is also still often in use for various online payment transactions .

[dvillier]

Right now, as I would see it, it is being dealt with as a store of significant worth and a benefit by most financial specialists, a long way from the genuine motivation behind bitcoin. When it hits mass reception and standard, individuals and the legislature could regard it as a money over all nations, which could support the monetary status. We are going towards computerized age in this age, so having bitcoin now resembles getting ready for what's to come.

[jak3]

Bitcoin is not being made for the trading purpose it was made just as a mode of payment like PayPal but people starting using it like gold and other stuff. Because at that time Bitcoin was not much stable and was constantly violated its price so people started making a profit from this. There were many incidents when people have made a huge profit from the lock and those incidents meet people even crazier and now it is being used as trading and bonds. Bitcoin is more likely both an asset and the currency the only difference is that it is not fully capable of defeating the physical cash.

[nelsonk]

i think bitcoin is a currency because it has been accepted as a method of payment in some countries. it can also be termed an asset because of the increase in value.

[denulh]

i think bitcoin can be called both asset and currency, first i think bitcoin is an asset because i can hold for long term to sell for profit as gold, second, i think bitcoin is an currency because i can use it all over the world as long as i have internet, i can trade bitcoin for profit.

[A.Chanaka Bandara]

As I am thought Bit Coin is an asset than currency but can use it as a currency. Most of crypto investers Bit Coin as an asset.

[deviltasha]

More likely it is asset now, but is tis possible that it will change its nature and turn into currency.

[kache2018]

When you say and asset it means something you have invested as part of a business like cash. The monetary value is the currency. When you invest in bitcoin this will be your asset and bitcoin is your currency, more particularly cryptocurrency.

[HashieNewb]

I believe that bitcoin is both an asset and a currency. We should invest in bitcoin because it is the future baby

It can't be both an asset and a currency.

I don't know how this thread is pages long without an actual answer to the question.

If the IMF does not classify Bitcoin as a currency then it is not a currency. That's all there is to it.
Bitcoin is an asset.

[lani123lani]

In my opinion, bitcoin is an asset because it can be exchanged for goods, bitcoin is also the currency used to buy goods, bitcoin can also invest for the future.