Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin an asset or a currency?
by
Marrionbitcoin
on 31/03/2018, 18:45:29 UTC

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html


In my opinion, it can be considered as digital currency and an asset which can be usedas mode of payment in stores or online stores. However, since Bitcoin have controversies that some countries did not accepted Bitcoin and in Accounting rules, Bitcoin is not part of asset in a Balance sheet. Maybe soon that Internal Accounting Standards (IAS) will consider Bitcoin as cash in Asset section as Cash and cash equivalents or part of Investment.