Afaik we can say bitcoin is in both worlds of being a currency and stock
which could be seen from most bitcoin traders that treat it as stock literally and the rest using it as fiat( a currency ).
which could be seen from most bitcoin traders that treat it as stock literally and the rest using it as fiat( a currency ).
I couldn't agree more, Bitcoin is actually listed by the CFTC-commodities futures trading commission as a commodity hence it shows character traits of both currency and a commodity. People need to come to terms with this because it's a currency and a commodity at the same time
We shouldn't rely on what governments or government commissions say on this matter
After all, Bitcoin is considered as a currency in Europe but does it mean that it is another Bitcoin which is used there? Obviously, it is absolutely the same Bitcoin, everywhere around the world. Governments are treating Bitcoin as they think is best for them, some governments even choose to ignore it as if it didn't exist at all. In my opinion, Bitcoin is a financial asset (like bonds or stocks), first and foremost, then a currency (currencies are also financial assets), and only after that it could be considered as a commodity since it doesn't have direct use (like food or water)
It's perhaps not the most convenient way when it comes to using it as currency in local situations due to the steep fees and confirmation times, but it serves pretty well in online circumstances.