Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a currency or asset?
by
Sir mikolo
on 15/04/2018, 18:29:05 UTC
An asset is some kind of economic resource. It can be controlled or owned and it provides the owner with value, usually financial. A house is an asset. You can sell a house and get cash in return.
A currency is a system of money, a means of exchange. You used currency to buy a latte this morning, or so you could watch the latest season of Altered Carbon on Netflix
If it’s hard to tell the difference between the two, consider this. Assets tend to have a built-in promise of increased future value. A house tends to increase in value in time and thus, is an asset. It’s not very liquid, unlike cash, and therefore can’t really be thought of as currency.