Post
Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
markleal
on 25/05/2018, 16:13:40 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?

Hi there magic ice! Everyone thinks the bitcoin is money. Some think it is a currency. But the real truth is bitcoin can both money and currency. As long we use the bitcoin as a form of payment it could be money. As long we hold and keep the bitcoin in our wallet. It can be a currency because the bitcoin has a value anytime the value change. Similar to gold but the different is gold can’t use paying the bills we need to convert it. Gold is currency for your information