Bitcoin become an asset

[thereactor334]

YES i definitely agree same wth other crypitocurrency like the edocation coin or the ledu coin!

[1714998990]

1714998990

[feny.blackpink]

Bitcoin is considered as an asset because the value of bitcoin is very expensive now.
Back then when bitcoin price less than $1, there was no one think that bitcoin will become an asset to save.
There are many unexpected things occurred in cryptocurrency.

[Sam San]

With the advent of cryptocurrency, the world has changed a lot.Yes, it all started as a tool for transactions, but today bitcoin is a powerful cryptocurrency, and I hope that we will see its growth soon.

[lobanoval]

Bitcoin was started as a currency but it has become like a asset only. It is kind of evolution based on what the users want.

[Kia mono]

Bitcoin earning is my future assets.My part time income source of bitcoin earning. It's earning economic benefit of my future. So I there for I think it's my asset.

[Pasaway2701]

With the advent of cryptocurrency, the world has changed a lot.Yes, it all started as a tool for transactions, but today bitcoin is a powerful cryptocurrency, and I hope that we will see its growth soon.

Bitcoin is so good as an asset because of its expensive price that getting more expensive and some coin in crypto which also has potential to grow. Bitcoin is not only a tool that can be used for fast and convenient transactions but also used as an investment that van give good payback when you hold for the long time and collect it now to keep in the wallet that I've used to do now.

[fedosee]

Yes, most of the people treat it as an asset only. The problem with this is that people will spend less of bitcoins thus limiting the flow.

[mmo4me.2016]

Bitcoin will become an intangible asset. Ability to use in payment. Accepted by international organizations and countries!
To achieve that, Bitcoin needs to be more focused and developed

[liberty02]

https://bitcoinmagazine.com/articles/south-korean-supreme-court-rules-bitcoin-asset/

 I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.

In accounting Assets can be grouped into, Liquid Assets and Non-Liquid Assets. Cash is considered liquid since it is legal tender and can be used to pay debts, I think Bitcoin only fails here because of the meaning that it should be backed by a government in order to be legal tender which contradicts the meaning of Cryptocurrency. Bitcoin fails to become a cash equivalent because of volatility. Right now they are classifying Crypto as an Intangible Asset as it only where it fits for now.

Either once government recognize bitcoin as legal tender or when the market stabilizes and the value can be clearly measured then it will be cash or a cash equivalent. Being defined an asset is a win for crypto now, they are accepting the fact that it has value and I think the next step is to be considered as a cash equivalent and the last step to be finally be synonymous to cash.

Relax, it will be done one step at a time.

[markchoo]

Bitcoin is considered as an asset because the value of bitcoin is very expensive now.It is kind of evolution based on what the users want.

[Baby Dragon]

Personally, I think bitcoin is a kind of asset, it has great value, and evaporates at any time

Bitcoin is an asset for me cause it's so expensive like having gold. Many of the investors now are interested to join in bitcoin. Investing in bitcoin is like an asset in there life.

[roni12345]

For me bitcoin is pure gold! Yes, I really think tha bitcoin is an asset which is very valuable.

[yousuf123]

Bitcoin is an asset for me cause it's so expensive like having gold. Many of the investors now are interested to join in bitcoin. Investing in bitcoin is like an asset in there life.more possible investors will look into the possible investment. Beside, Bitcoin really is an asset, its only how you put in your investment into the market.its good for short term and long term investment, it is just a matter of taking care of your business investment.

[virendarnagpal]

intentions behind creation of bitcoin was to create decentralized border less digital currency.  Though people made it as a source of investment.  speculators started playing their games to give the direction to the price of bitcoin.
So instead of becoming a currency it has become an asset,

[bkrobottc1]

I think it is a good new for all cryptocurrency investor. Hope the price will pump again with this good news

[MartinAK]

Personally aside having bitcoin as a cryptocurrency with the divine intent behind most crypto for been able to be transposed into currency which will be widely used but as at now it is in progress, I believe that, declaring bitcoin as an asset within such notable country will spearhead the bitcoin or cryptocurrency agenda to be notably used and enhance it transactions. However, I do trust that having bitcoin becomes ones personal asset and hope it become notably used on large scale to enhance it widely transaction.

[Akpuv]

As for me, I strongly believe Bitcoin and other cryptocurrencies should be regarded as simply 'Currency'. A currency is a means of exchange just like dollar, pounds or any other entity designated as currency or money.

[Koobtcgal]

Maybe the government see bitcoin as an asset and not generally bitcoin is an asset. I see bitcoin to be a currency and not merely a store of something. We shouldn't get confused with this term. One can made anything at all an asset.

[K.Tumpa]

Yes,Bitcoin is my asset. it's earning my wallet & then seel real money.This is world wide currency. This earning from most people. Day by day it's popular.Many student,doctor,Businessman & etc man earning bitcoin because it's my Asset.Day by day it's price high.So I there for it's my asset.

[TomCarpenter]

Well this is absolutely true Bitcoin is the best digital asset now . Btc price and demand always high thats why every crypto enthusiastic people want to reserve Btc for future.