Is bitcoin an asset or a currency?

[tuikindu]

I think bitcoin is more like a commodity, at least not a strictly monetary one.


1. Currently, bitcoin transactions online are mostly transactions that use bitcoin as a commodity and other currencies as payment instruments. Bitcoin, in turn, has little to do with the currency.


Have you ever seen someone hoarding money? Only people hoarded commodity prices and sold them again.

[Theonethatgotaway]

As far as i know bitcoin is not a currency but an asset. A currency is a circulation as a medium of exchange whereas we know that bitcoin is just used to put up assets and make it grow. It isn't considered a currency since it's not accepted and used by all or a certain country. It will take a long run for bitcoin to be able to be considered as a currency.

[ljm8888]

The nature of bitcoins now belongs to assets rather than money. Because the price of bitcoin is now extremely unstable. And the standard of real money is stability. Bitcoin does not have this feature at present. But the reason why people are attracted by bitcoin is the rise and fall of it. The price of bitcoin has a great interest. Many people rely on bitcoin to become rich. Some people also went bankrupt because of bitcoin. So, firmly hold. The future has come.

[jinxing]

Bitcoin is a non-currency asset. In my country bicoin not made into a valid payment instrument. But for the asset, investment or exchange in the komoditas is allowed. So the transaction must use fiat money. Bitcoin is only to be owned, sold or considered as gold.

[JMLARDIZABAL082915]

Well we all know that bitcoin cannot be held or kept in a pocket or wallet like currency; it is purely a computer- based means of exchange. Therefore, it is an asset.

[Harrisonimo]

With respect to where bitcoin is located it can be called both. In the world of Cryptocurrency, bitcoin is a currency; Cryptocurrency! And in our own world, we can term it as an asset when holding it. So, whichever area of specialization as a trader or investor, bitcoin can be  a currency or an asset.

[Rainbow zip]

Currently it is an asset. I think it started out as a currency and evolved over time. I think in the future on the price of bitcoin is discovered and volatility calms down I think that combined with the implementation of lighting network can catapult bitcoin back into being the prime payment solution online.

[cutiecez05]

Bitcoin can be either an asset or currency. An asset because we can hold it to become part of our investments and a currency if we exchange bitcoin to markets or either sell them or buy them.

[grabpopcorn536]

What I Understand is In long term bitcoin be consider as asset because the rate which appreciating is very positive so in near future it will be very big asset for those who holding Bitcoin. There is no doubt Bitcoin is currency (cryptocurrency) the thing is we are started now to use is in our day to day life this usage will sure increase very near future that means it is currency only.

I think Bitcoin is both a factor in the currency of the investors who own it, with the current situation that a lot of people want to buy Bitcoin for the future. Many investors want to hold a lot of Bitcoin in the market, but fearing the risks it brings to worry about investment.

[rtm125]

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

Depends how you use your bitcoins. If you keep it in long or trade - then this is an asset. If you buy something for bitcoins-means bitcoin currency. Now you can safely consider bitcoin as such.

[pathapoddo]

Bitcoin is a currency because we can use it for trading and buying product from online shop.

[rasmadisulaiman]

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

Looks like both. Because bitcoin can be used as money and used as a digital asset. We can all see bitcoin used to buy pizza, it is a function of money. And we can also see that investors are generating bitcoins that they have as digital assets.

[Razumomo]

Bitcoin is both currency and asset. Bitcoin brings lot of profit for us . It is a crypto currency. Online based currency what we can't touch but we can use it buy sell it.

[shafi alam]

ita an crypto currency , people use it like asset.
point is people came in hare without research, that why people think its a asset.

[Zigzagkuy]

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 think that's both. Sometimes it can become a currency and sometimes become an asset. I also do not understand why some people say this is different. Maybe I do not understand what bitcoin is. So I tried to find the best answer in this thread.

[Magkirap]

I think that is a currency since you can use that for payments for various services. For traders I believe even USD or EURO is believed to be asset.

Indeed. It depend to you if you want to use as currency where you can use it for payment in some services or product. However, there are some people prefer to use it as an asset or investment and we all know that it is good investment where will help you to multiply you money.

[Genosx]

Bitcoin is an asset and currency at the same time. Bitcoin is a kind of asset that is intangible because no one can feel or touch but it exists.
When we talk if bitcoin is a currency, Yes. Bitcoin is also a kind of currency which we called a cryptocurrency.

[WaveMellow]

Its better as asset as it is harder to pull out android set and enter wallet id to transfer least 10 cents than to directly hand it over the counter

[Glydel1999]

The bitcoin plays both role in the society, they can be an asset to obtain the bright future that you are dreaming for and currency that can be used in all kinds or means of commercial transactions or trade.

[gangem07]

The bitcoin plays both role in the society, they can be an asset to obtain the bright future that you are dreaming for and currency that can be used in all kinds or means of commercial transactions or trade.

Bitcoin can be an asset and it can be currency.Bitcoin is an asset in order to trade to get profit from it to fullfill our dreams in the future.Bitcoin is also a currency we used it for a mode of payment in any transaction or trade.