Re: Is bitcoin an asset or a currency?

Quote from: StevenRA on October 25, 2017, 09:01:08 AM

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

If you consider bitcoin as a currency or an asset, bitcoin is most suitable for determining the currency. Bitcoin is an electronic monetary system of a peer-to-peer network. On the other hand, dictionaries tell us that a currency is any monetary unit of any state that is used as a means of payment. Bitcoin and other crypto currency are now used by many as a means of payment. Therefore, it must be considered a currency.