Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
BITDV
on 23/10/2017, 19:53:30 UTC
I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??


It's simply both.

Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).

So for some use cases like buying a VPN, bitcoin is the best currency.

You’re right, but bitcoin is not an unlimited currency because it only has 21 million BTC of stock spreaded over the world, unlike US dollar which have unlimited stock and have spreaded in many countries and  becomes international currency.
bitcoin is an interesting currency because it allows us to transfer it to other countries without tax like fiat.