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/Ive watched Aswath many times on CNBC over several years. Ive 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 its 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 believe that it is both an asset and a currency but is really a currency, it is just that its market value is continuously increasing unlike any other currency which made it an asset. Users and investors are earning huge profit because of the increase of its value. It is only an asset to those who live in countries where it is not yet legal. And i think this simply explains, that the function of Bitcoin varies on the country you're at.