Bitcoin is asset, not currency.

[shinjunobi09]

Asset because it is something control by the people and which is used for our earnings and accumulating money also used as a way of payment or buying something. Also, it is a currency generally because anything that uses for paying some goods or services can be treated as a currency because it is used as way of buying or selling things.

[fachant]

It depends on what categories to consider. If someone trades bitcoin, it's a currency for him and a source of profit. Someone who is holding bitcoin and is happy to have it's an asset for him, such as antiques.

[bocyaj]

Asset because it is something control by the people and which is used for our earnings and accumulating money also used as a way of payment or buying something. Also, it is a currency generally because anything that uses for paying some goods or services can be treated as a currency because it is used as way of buying or selling things.

Bitcoin is both a currency and a asset .If you want to inverse your money in bitcoin you can inverse as like asset.You can use bitcoin as a currency too.Now KFC Canada start to accept the bitcoin as a payment.At first Amazon accept the bitcoin,now KFC.Soon all the Corporate will start to accept the  bitcoin.

[JimmieA]

National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

I think even if btc is an asset, it still has to be traded. Like gold, it's not a currency but there are deals, buying or selling. So I think that this will not make much difference compared to the present.

[teejaymuna]

I think it down at matter what governments do, they'll all be forced to accept BTC because of its gains. Also, I think BTC is an asset as well as a currency. I could invest in BTC as savings (asset) to get huge rewards and I could use it to buy something (currency). So it depends on what you see BTC as. It can be both things together depending on your use.

[mOgliE]

Actually for the moment, I would say I agree with this bank.

Bitcoin cannot be used currently as a money. First because rates (and thus prices) are changing from day to day, in huge amount and then because there is no ATM or credit card allowing you to use bitcoin in real life. And I think that it will never. Just because the bitcoin was not conceived as a fiat currency, so the aim is not to print it.

That doesn't necessarily mean that bitcoin is not suitable to be a currency. It may become a currency, but it must be thought well, just because you don't want to exchange the current control of states and banks for the control of a private printing firm!

[Aryadwipanggah]

Maybe bitcoin is an asset to bitcoin owners whose country forbids bitcoin as a medium of payment, But bitcoin can be a currency in many developed countries that accept bitcoin as a legitimate payment medium

[nikjain422]

You can say soo but it depends on the purpose of your use.It can be use as a currency but to very few places and that makes it more of an asset than currency.The main motive of inventing bitcoin is to have one such decentralized currency which can be use anywhere which is a long way to go but still it generates you a good profit and that is what matters.

[MrZ28s]

It's a good thing Israel considered bitcoin as legal. I don't really care if governments will call it an asset or a currency for as long a they aren't calling it unlawful.

[wireless1889]

Its confusing right ? but i think actually bitcoin fall on the same category such as asset and currency, let me widen my opinion, Bitcoin is an asset because its value is high like gold in a certain amount and bitcoin is also a currency because it came from the cryptocurrency and we used it in digital world like a currency. See how bitcoin is flexible ?

[xbl1008]

a lot of people see bitcoins as an asset it can be but its really made to be as a form of medium of exchange or as a currency simply its a technology that is design to do transactions and complex ledger to records and provide information to its users a true outstanding technology that have so many areas to transform because of its unlimited potential to change the said industries to be more efficient and productive than the previous traditional approach..

[Red-Apple]

Its confusing right ? but i think actually bitcoin fall on the same category such as asset and currency, let me widen my opinion, Bitcoin is an asset because its value is high like gold in a certain amount and bitcoin is also a currency because it came from the cryptocurrency and we used it in digital world like a currency. See how bitcoin is flexible ?

yeah, you and I see it like that because we are not biased and it doesn't matter what we call bitcoin in the end it will be what we use it for. for some it is an investment and for some a currency and some others a financial freedom tool.

what OP is saying is what the government is calling bitcoin. and they are biased. they don't just call it an asset because they think it is an asset. they call it an asset because for example if it is categorized as an asset they can easily tax it.

[mc.craigsvictor]

for me its both ok Bitcoin is both currency and asset. no matter how people its called to name . its depends how people react no one can stop btc growth

[sino22]

It's a good thing Israel considered bitcoin as legal. I don't really care if governments will call it an asset or a currency for as long a they aren't calling it unlawful.

in the israel state assumes that bitcoin is legal, but if in my own country, bitcoin is considered illegitimate, because according to many people who do not know bitcoin that bitcoin is gambling, but it is not, but if I think bitcoin is a high financial asset.

[annango]

National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

I think everyone has a different perspective. even for someone who does not know bitcoin will think far from the benefits. so I don't care, some say it's a virtual asset or currency. the most important for me, I can still continue to be involved in crypto and bitcoin.

Yep, everyone has their own points of view. With the extreme development and its popular, I think if you say bitcoin is asset not currency, it’s still normal. However I’ve been not heard that news, I only know that in my country, bitcoin is just a crypto coin, therefore I’ve just put it as currency, not my asset cause its benefits is not sure. And if someday,bitcoin is used like fiat currency, it becomes complicated. Because there also have many people don’t know anything about bitcoin.

[Rrita]

I am not agree about it.bitcoin is a currency and asset for me.I want to say that,Bitcoin is both of them.I am using it as a currency and holding as a asset.

[Arthoerra]

For me it's true that bitcoin is an asset that has great value over time. The factor is in Country i live, bitcoin hasn't been accepted as means of payment.

[anklas]

National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

For me it is both currency and an asset. As a currency you can use bitcoin in paying different merchants and mostly online transactions. It is an asset as well because if we invest bitcoin and hold it for a long time we will benefit from the profit that we will earn in investing in bitcoin.

[Marucya]

The popularity of bitcoin made it necessary to talk about it internationally, and the governments of individual countries should reckon with it. Some countries even recognized bitcoin as currency. For example, in Switzerland since 2013, bitcoins are treated as foreign currency. However, the majority nevertheless tends to recognize bitcoin as a property asset, the transactions with which must be taxed.
The main problem facing international financial organizations and the leadership of individual countries is the issue of controlling the circulation of the crypto currency, because it is uncontrolled - it creates a large space for the development of the shadow economy.

[notyours]

National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

Well it will always depend on a persons perception and knowledge about bitcoin. For me, bitcoin is a special type of investment where i could expect a definite return in my initial investment combined with a big amount of profit. Some people thinks that bitcoin will only be served as a mode of payment for online services but somehow it is still an asset that generates profit for us.