Post
Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
1DC
on 22/05/2018, 06:57:31 UTC
mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)


-a system of money in general use in a particular country.

So, is bitcoin money or currency?

Based on the given description I would say that bitcoin belongs to currency . We couldn't say that it belongs in money because the main characteristic of money is being tangible so we can easily say that it is a currency , a digital currency to be precise and bitcoin is not yet regulated by any country or government so it is not considerable as money.