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 too agree with your statement here. Bitcoin can serve both purposes with equal efficiency. However, with the rising price of bitcoin around the world, I have chosen bitcoin as an investment asset over the transaction medium. Because the growth of bitcoin has simply outrun any other asset around the world. No other conventional investment can fetch that much return what bitcoin can get us. So even if bitcoin can facilitate transaction over the network, it looks brighter as an investment asset to me.