Topic: Is bitcoin an asset or a currency? - page 36. (Read 3630 times)
Temporarily considered to be an investment, the value of the embodiment is not very obvious.
Bitcoin was intended to be a currency, but right now, it is in fact being treated as an asset way more than a currency. Sure there are people out there who are actually buying stuff using bitcoins, but mostly, people are just investing in it so they can trade or hold until it increases in price. It's not a bad thing, and it can't be helped either since this is the trend that bitcoin grew upon.
Since some people have stock of bitcoin and keep it stored, we can call that asset because they do not trade it and treat it like part of its patrimony. We see everyday people in crypto world becoming
millionaires because they have like 1000 Bitcoins kept and I say they're crypto millionaires. But in the general bitcoin is a currency.
millionaires because they have like 1000 Bitcoins kept and I say they're crypto millionaires. But in the general bitcoin is a currency.
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
It can be both. And it is both of them.
In countries where the inflation is big, or just the local coin weak, many just hold USD or EUR in the same way you'd hold assets. And clearly, USD and EUR are currencies.
Same thing happens now with Bitcoin. Just the people from countries with strong currencies are not familiar with this concept.
I think that is a currency since you can use that for payments for various services. For traders I believe even USD or EURO is believed to be asset.
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
Assets generate money Bitcoin doesn't generate an income passively you need to trade it in. Bitcoin isn't used for anything else like a property either. SO no I don't believe it's an asset and is strictly a currency.
As far as I know, bitcoin is now considered as an asset and a payment method in some country. It's a very long way for bitcoin to be a currency.
For me, I considered as an investment or asset, not a currency.
As far as I know, bitcoin is now considered as an asset and a payment method in some country. It's a very long way for bitcoin to be a currency.
It doesn't matter what people treat Bitcoin as, what academics think, and what needs to happen to be treated in a certain way.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.
The objectives of bitcoin went sideways long ago. Would you say silver is a currency? It was once, but not today, its an asset. Just because bitcoin was intended as cash/currency system that does not mean it is today. Or put it another way, would you use bitcoin to pay for your takeaway, fix the car or weekly shopping, when it could be worth 10-20% more by the end of the week, double by the end of the year? Likewise would you as a vendor accept and hold bitcoin when it could be worth 10-20% less by the end of the week, half the end of the year?
I'm unclear how the cited professor defines some of the concepts, because I can price and trade gold or silver, and I can invest in $ or £ by holding on interest bearing deposit (not that i'd get much
). So seem this is a very thin, semantic argument made for publicity.
What I Understand is In long term bitcoin be consider as asset because the rate which appreciating is very positive so in near future it will be very big asset for those who holding Bitcoin. There is no doubt Bitcoin is currency (cryptocurrency) the thing is we are started now to use is in our day to day life this usage will sure increase very near future that means it is currency only.
It doesn't matter what people treat Bitcoin as, what academics think, and what needs to happen to be treated in a certain way.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.
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
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