Is bitcoin an asset or a currency?

[desklamp]

i think bitcoin is an asset, a digital asset. the statistical properties of bitcoin, find that it is essentially uncorrelated with traditional asset classes such as stocks, bonds and commodities, both in normal times and in periods of financial turmoil. The analysis of transaction data of bitcoin accounts shows that bitcoins are mainly used as a speculative investment and not as an alternative currency and medium of exchange.
Investors and early adopters like these assets because they are untethered from the regular economy where fiat currencies, more traditional forms of exchange and value transfer reign the day. one of bitcoins advantage is the high volatility, which counterintuitively results in more aggressive risk-reward trade-offs in investment portfolios.

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[luigidosado]

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

Since the creation of bitcoin, it has been a very useful to most of the people as a tool for investment and as a medium for transactions. Bitcoin has a lot of uses to us. We can both classify bitcoin as an asset and as a digital currency. Most of the people look at bitcoin as a form of investment because of its very volatile price. And at the same time people use bitcoin for their transactions all over the world because it makes it easier for them to send a certain amount of money by bitcoins.

[Argoo]

Bitcoin in general was conceived primarily as a payment system, although this function has already not been fully implemented because of its slow transactions. So bitcoin is closer to currency by nature. However, under the classical concept of currency, the whole of the crypto currency is not at all, because when this concept was drafted, nobody could assume the existence of digital money. However, it does not matter. When bitcoin and other crypto currency are universally recognized, the concept of currency will be rewritten taking into account the existence of the crypto currency. With this in mind, bitcoin is not just a financial asset, but must be recognized as an international currency.

[r1a2y3m4]

Right now it is more of an asset. Many people still view it as an asset that will grow and will bring them more money. But I think after some years bitcoin and some alt coins will be a currency. I certainly hope so.

[jake zyrus]

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 is an asset that gain high profit,  bitcoin is easily to convert to cash. To become currency.

[bitfocus]

Bitcoin was born as a currency and still, bitcoin is a currency, but the majority is using bitcoin as an asset right now.

[josephpogi]

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

Bitcoin is not a currency because bitcoin is a cruptocurrency this crypto have a real value in real life called fiat money so you can convert it into fiat btc  equals to fiat money this is an asset also because you can use this to transact your money so fast so i think this bitcoin is the new era .

[glaciercapital]

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

Bitcoin is not a currency because bitcoin is a cruptocurrency this crypto have a real value in real life called fiat money so you can convert it into fiat btc  equals to fiat money this is an asset also because you can use this to transact your money so fast so i think this bitcoin is the new era .

At this early stage, it feels more like an asset. However over time I believe it will act more like gold as more of a currency position. It is so difficult when you are so early to this growing industry to make these kind of distinctions

[Core.BUSTER]

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 fact, there are lot of uses of bitcoin like you can use it as an asset or currency. However, I guess it will depend to the people who use it on how they will used it. Lastly, as of now there are lot of people prefer to used as currency where they can exchange it in some valuable things.

[dancingnancy]

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

I would say it's more of an asset as the prices of currency don't fluctuate as much in respect to other currencies. it's better to hold as one can make higher profits when they treat it as a long term investment.

[Sithara007]

How can we consider Bitcoin as a currency, when the transaction fee was close to $100 per transaction a few weeks back? Now it has decreased once again to around $10 per transaction, but IMO, this amount is still quite high when compared to the fee charged by PayPal and Visa/Master. So IMO, Bitcoin can be considered as an investment asset, rather than a currency.

[Granslam]

For me, I'll side with the critics, even though I right now use bitcoin as a mode of topic, I agree that it should be treated as a currency because after all, its intended use is to become an internet currency. Furthermore, it is one of most bitcoin enthusiasts and investors alike are wanting, they wanted bitcoin to be a form of currency rather than just a form of asset you could profit from.

[Al-Geron]

If I think after joining this membership diforum, bitcoin is a long-term asset, some keep it to be invested which they think will be very expensive in time, for in some countries I think the currency should be legalized first. , and the process is not easy of course.

[suvo05]

Though the intention behind the creation of btc was peer to peer money transfer, or as the digital currency but I think BTC now become an asset more than a currency. 

[Klestar]

Bitcoin for me, in all honesty, should be treated depending on its current purpose, sure some may say that bitcoin is not an asset but a currency. but if you think clearly, at this time bitcoins serves best being an asset rather than a currency. and as an additional info, bitcoin needs to stabilize its value at the very least in order for it to be considered as a currency. so I think it would take long before it really becomes officially a currency

[jsmith85]

It is both an asset and a currency. You can save it as an asset and spend it to purchase as a currency.

[znake]

It's a currency m8 ! A world wide currency! The world first p2p money with more than 200'000 transactions per day and 3 addresses having between 100,000 - 1,000,000 bitcoins (2.62% of the circulating supply). One of those 3 is Bitfinex Cold Wallet having 143,651 BTC ($1,520,408,150 USD). Here it is : https://blockchain.info/fr/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

Guys It's just a new kind of money as they say in their white paper !

[asawaq23]

Bitcoin is both asset and currency. We used it for investment and our investment may lead to assets. If we just consider it as a currency,it the near future it will fade like a bubbles. But if we consider it as an asset,we will gain more from it. Money is just a number but asset is an investment. In some reason,this two is always connected. No currency,no asset.

[Jossy111]

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.

[mondrany]

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.