For me, bitcoin is a little bit of both. It is still a currency because of the fact that we can use it in any transaction that caters bitcoin. It becomes an asset because it's volatility range allows it to be profitable with the right strategy
Bitcoin can be now treated as asset because it depreciates and the value of it is still unstable to become a currency. It can be treated as half-asset and half-currency because bitcoin is a type of cryptocurrency. Bitcoin can be used in the future as an official digital currency once the value of it will become stable.
Topic: Is bitcoin an asset or a currency? (Read 3630 times)
For me, bitcoin is a little bit of both. It is still a currency because of the fact that we can use it in any transaction that caters bitcoin. It becomes an asset because it's volatility range allows it to be profitable with the right strategy
Bitcoin can be now treated as asset because it depreciates and the value of it is still unstable to become a currency. It can be treated as half-asset and half-currency because bitcoin is a type of cryptocurrency. Bitcoin can be used in the future as an official digital currency once the value of it will become stable.
For me, bitcoin is a little bit of both. It is still a currency because of the fact that we can use it in any transaction that caters bitcoin. It becomes an asset because it's volatility range allows it to be profitable with the right strategy
Also In some of the countries where bitcoin have got legal status as only asset and not as currency.
But many people are also using bitcoin just as currency to pay for their daily expenses wherever they will find merchants accepting bitcoin payments.
But many people are also using bitcoin just as currency to pay for their daily expenses wherever they will find merchants accepting bitcoin payments.
For now, I think Bitcoin is a currency. But in the future, we cannot say that Bitcoin is just a currency. Bitcoin is very valuable and has a long history. It is the best choice for long-term investment. Now we invest in bitcoin and it will become our asset in the future.
I think bitcoin belongs to both, because bitcoin can be invested in the long run so it is also an asset but on the other side bitcoin can also be used as a means of buying and selling transactions so it is a currency
I think bitcoin is an asset and currency, because currently bitcoin also serves as a means of payment. Now we can spend by using bitcoin to pay. Have many mercants, stores and vendors who support and receive bitcoin as their payment tool.
if in my country in Indonesia bitcoin just a gan asset. that's what I think. because I myself also have not been spending goods using bitcoin unless I first redeem. because the government still prohibits people from buying goods using bitcoin.
If I think personally, Bitcoin is an asset. In his explanation, in financial accounting, assets are economic resources. Anything tangible or intangible that can be owned or controlled to produce value and which is held by the company to generate positive economic value is an asset. Simply stated, assets represent the value of ownership that can be converted into cash (even though the cash itself is also considered an asset). Examples are buildings or buildings. So if a company has a building worth one billion, then the asset counted is one billion.
Read: https://en.wikipedia.org/wiki/Asset
Read: https://en.wikipedia.org/wiki/Asset
Yes batcoin is a very beneficial asset and it work on online and as you can say its a digital currency so many of people getting a lot profits because they invest their money in bitcoin and waiting for its more high price, so that's why it will more popular in future.
in my opinion that bitcoin is a global currency that is stored as an asset and then in though with so many ways that can make real money so bitcoin is an asset and money
Bitcoin is an asset and a currency, but bitcoin is certainly not the currency of financial regulation. Because these laws assume that the currency is issued by the state, it can control the exchange of money and can be regulated. Bitcoin certainly doesn't have these features. When these laws are enforced, bitcoin is not a currency.
True, bitcoin is a digital currency that will become an asset if you own it, hold and keep it because asset is a valuable thing. Bitcoin is considered as a valuable thing.
First one this is an asset and then it works as a currency when people use it for the transaction. And of course, this is a great coin. Anyways, I heard about some more new ICO projects @SciDex. Looks like a good project and a great team is working on it. Does anyone know about @SciDex well?
I see more and focus with bitcoin as an asset. I think the current bitcoin is not good if it is used as a currency because of its highly unstable value.
It is a currency, it is rather an international currency and has been adopted for dealing and trading by companies which used to use dollar as their medium of exchange before the dawn of the Bitcoin. It is an asset. Investment in the technology is a store of value in one way and the worth of the asset rises with the passage of time like you invest in property and the assets after some time pays off. 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
Bitcoin is a digital currency that can be used to transact online and also trade for profit. Bitcoin can rise higher and it will be a profitable investment in the long term, and for that I consider bitcoin as an asset.
For me, bitcoin is mainly an asset as of now. I can confirm that it is an asset for investment because as we all know, nowadays bitcoin is more used and revered to as an investment rather than something you could use to buy things and finalize transactions. Moreover, the amount of people that uses it as a way to earn profits would make it clear that it is more used as an investment rather than a currency.
I am leaving this I think bitcoin is an asset in the form of currency every investment is an asset and I think bitcoin is included in that. Many people invests in bitcoin and through this way bitcoin is achieving its go to be a currency
It is an asset for me that continuously growing in the years of holdings without the help of the banks and an easy way to grow money for the holders but theirs also a risk because it is an investment.
Many countries have defined BTC as assets and started to tax them!
Probably because BTC is the code that is responsible for the algorithm generated on the block chain and does not have the property of money!
But the technical value of blockchain is an asset!
Probably because BTC is the code that is responsible for the algorithm generated on the block chain and does not have the property of money!
But the technical value of blockchain is an asset!
For me, bitcoin is mainly an asset as of now. I can confirm that it is an asset for investment because as we all know, nowadays bitcoin is more used and revered to as an investment rather than something you could use to buy things and finalize transactions. Moreover, the amount of people that uses it as a way to earn profits would make it clear that it is more used as an investment rather than a currency.
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