Post
Topic
Board Bitcoin Discussion
Re: Bitcoin just an asset ?
by
opticalcarrier
on 16/07/2017, 11:17:26 UTC
If Bitcoin is mainly used as a currency to pay for goods and services, it will compete with fiat currency such as the US dollar and thus influence its value and ultimately monetary policy. If, on the other hand, it will mainly be used as an investment, it will compete with other assets such as government bonds, stocks and commodities among others and potentially influence the financial system and financial stability. Whether it is currency or an asset, the potential to influence the economy as a whole depends on the success of Bitcoin or similar alternatives compared to existing currencies and financial assets.