Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
engrdaver
on 05/02/2018, 11:32:55 UTC
1. Currency by definition is a monetary system used for trading that is backed up by physical metal reserves that defines its value.
2. Asset is something that has value and has the capacity to generate income.
Therefore, Bitcoin can be considered more of an asset than a currency. Once the price of Bitcoin has been defined and legally used for general trading then it can be considered a currency.