Post
Topic
Board Bitcoin Discussion
Re: Bitcoin become an asset
by
Impulseboy
on 14/09/2018, 17:06:44 UTC
I do agree with OP, and this is not what bitcoin was created for, but I do understand that in order to become a currency, bitcoin probably needs to follow this path first. If bitcoin is an asset it means it has value, since it can be easily traded, I think it wont take long for it to actually become a currency as well. My only problem with this, is to know how these trades will be taxed, because that could eventually harm bitcoin use as a currency. One thing is sure though, if bitcoin gets recognition as an asset, it should eventually attract more investors, and that should be good for BTC.

I agree. If one country recognizes bitcoin as an asset, it could be good for bitcoin and the entire crypto world for that matter. Even though that is not what bitcoin was created for, if one country started recognizing it as an asset, then it is a positive news for us. After all, an asset holds value. This means that South Korea values bitcoin. Who knows? Perhaps more country will follow suit, right?