Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin an Asset or Currency?
by
muffinsboat
on 03/11/2017, 12:44:45 UTC
NYU's 'Dean of Valuations' Says Bitcoin Is a Currency, Not an Asset
https://www.coindesk.com/nyus-dean-of-valuations-says-bitcoin-is-a-currency-not-an-asset/

I’ve watched Aswath many times on CNBC over several years. I’ve used his spreadsheets to value companies and stocks. He seems to be the go-to guy to value specific companies on CNBC.

I agree that you cannot value Bitcoin, but only price it and trade it.  However, I disagree with him that it’s not an asset.  I think Bitcoin can be both a currency and asset.  In fact, it is more of an asset than currency right now.  I disagree with him that an asset has to “generate cash flow”.  Gold does not generate cash flow.

What does the community think?  Is Bitcoin an asset, currency or both?
I feel that it's both.  It could go up or down a lot more than a currency, which makes it an asset, but it's also a currency as it's used as money.