Post
Topic
Board Economics
Re: Crypto is an Asset or Currency?
by
Hopeful2017
on 18/01/2018, 01:02:36 UTC
I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?

What is your opinion?
In reality, cryptocurrency is created as a currency intended for the digital transactions. It is a second currency besides fiat currencies. If you will use it as payment in buying and selling, then that crypto is a currency. However, if you will invest it, then its an asset. It depends on how you see crypto and how you use it.