Is bitcoin an asset or a currency?

[RockHenki]

As we all know bitcoin is a smart digital money, if you have it you should treat it as a valuable asset. Because it is a long-term investment, today's high volatility bitcoin market attracts people to invest in bitcoin, widely spread around the world. Therefore, bitcoin has helped people and bring high profits, in addition to change people's lives.

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[Roydgon]

Until now, disputes about what is actually a financial instrument, a commodity, a payment instrument or something else that does not fit into the existing classification of assets and require a new definition for the world of modern finance are still going on.
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 a commodity that is valued not so much as a currency, but as a kind of "fuel" for smart contracts.]

[ucingucingan]

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.

I agree with your opinion that bitcoin is not a currency but an asset only, although many countries reject the bitcoin for the means of payment, but I predict that the system used will also be applied to their financial system of course with the name of their respective currency

[jojowar]

Bitcoin is a digital currency or the first cryptocurrency. Also you can convert or exchange bitcoin into fiat like USD and fiat or cash is an asset. So bitcoin for me is an asset and also a currency.j

[marjil]

Bitcoin was initially designed to work as a currency but this has so far not entered mainstream use. In the meantime however its value has increased dramatically and this makes it usable as an asset.

[BitChief]

Bitcoin is a digital currency or the first cryptocurrency. Also you can convert or exchange bitcoin into fiat like USD and fiat or cash is an asset. So bitcoin for me is an asset and also a currency.j

I believe bitcoin is really closer to an asset and is rapidly becoming a digital gold. However it has many of the characteristics of currency so it really comes under it's own category

[Eterbank]

To me its both, an asset and a currency. It is a store of value and means of exchange, so yeah. I love bitcoin. Cant wait for layer 2 solutions to go mainstream.

[aji567]

I think bitcoin is an asset that has a very high exchange rate. It can also be said that modern digital currency can be converted to other currencies.

[RKSummer]

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.

For me, I considered as an investment or asset, not a currency.

I considered bitcoin both an asset and a currency. Why? Because, nowadays bitcoin is the most valuable asset to have thatbcan be converted into a real money.

[tramadols]

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 personally do not care, to debate it. whatever people say and some academics disagree, which is important to me. I can trade and invest in crypto. one of the benefits I can get in the future with bitcoin and crypto. although it is possible I can bear all the risks.

[wisdomcn]

Well, I think it depends on the individual perspective, some people sees bitcoin is an asset and to some other persons sees 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. Because some people buys it and keep it for years  leaving it there to continue growing while some buys at dump and sells at pump.

[currencydesigner]

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.

[assy]

I think bitcoin is an asset and also a currency, an asset that can be better than money but most importantly we can benefit from bitcoin.
Even bitcoin is better than gold when bitcoin prices are rising I will benefit more than any currency.

[Carlsen]

That is a question of definition.
A currency is usually a medium of exchange. When you look at bitcoin it can be used as payment, but with the high transaction fees it had, most people did not use it as that.
An asset is something you put money in in order to get more money for it later.
Bitcoin qualifies for both, being a currency and being an asset.
In reality I would say that bitcoin has become an asset.
The high volatility makes it perfect to get more money out of it at a later point. And most people do net sell something like that, so they do not use it as a medium of exchange either.

[arrmia11]

It is more on an asset compare to a currency because of its unstable value. Once you have a bitcoin you can consider that as one of your investment because in the future that might be one of the key for you being rich. Unlike being a currency requires stability of the value it may change also but just a bit because for the case of bitcoin it is really unpredictable.

[AntonDrobot]

Until now, disputes about what is actually a crypto-currency - a financial instrument, a commodity, a payment instrument or something else, that does not fit into the existing classification of assets and require a new definition for the world of modern finance, have not been abated yet. This age-old question about the nature of bitcoin has become a cornerstone for regulators and legislators of many countries.

[carlisle1]

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 dont care what other people think or treat about bitcoin,but for me this is an asset and currency in one..asset because in time this can bring lots of earning most specially when the price pumps,and currency because anytime i can pay my bills using this and some online transactio

[camvincent]

It could still be seen as a currency, although it has become more of an asset due to its value and growth. Similar to gold I suppose, was once used and still could be seen as a currency, but considered an asset and safe-haven.

[thet]

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 a digital currency that can be used to trade and then get some profit. It can be an asset if btc will become your investment for a long term.  Because btc has its value then i consider it as an asset.

[domerosan10]

I have not been too familiar with this, because I just started joining this. I think bitcoin is like an asset even the best asset today because so many people are investing in bitcoin.
if my currency does not know bitcoin is currency or not?