This has been brought up before, but my take on it is that bitcoin is a lousy currency, even though it can be used as one (and is). The price fluctuations are definitely those of a penny stock, but bitcoin's valuation definitely isn't. And bitcoin doesn't represent a business, as shares in a company do. It's a strange bird. Even though it's not technically a stock, I kind of think of it as that more so than a currency.
Edit: Franky1 said it best a few posts below.
Topic: Bitcoin is treated a stock - page 4. (Read 2707 times)
I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?
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