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 ??
Ohh! my friend, this topic is more sensitive than it seems on the surface.
The community is divided on this.. and this is one of the causes of the Segwit2x debate..
It was created with the use case of being able to retain the value of an investment to tackle deflation that currently affects the fiat.
It currently serves as an asset to most but there is a growing demand for Bitcoin to be used as an active currency. But at present if that were true if would be weird if the price of a gallon of milk fluctuates like every day in line with the market value of BTC even weirder if the milk cost you different price everyday.
Owing to its limited supply I thing it would better serve as an asset. and would benefit the owners more..
I'm with the CORE team on this one.
In my opinion bitcoin is both as asset and the currency. Because bitcoin is a usable money. People can use their bitcoins anywhere in the world to buy anything they want and can pay in bitcoins. Therefore it is a currency. On the other part bitcoin is also an asset because the investors have made lots of money through bitcoin and their investment is their assets because bitcoin is also a digital coin business.