Post
Topic
Board Economics
Re: Crypto is an Asset or Currency?
by
Roachgo04
on 13/03/2018, 12:10:40 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?

Crypto can be designated as asset and currency which ever you like to use it. Since crypto is in the early stage of growth many people use it as asset because of their experience of high rate of ROI. In due time when the gain from investing crypto subside the original purpose of currency will prevail which is as future fiat of the people.