The use of Bitcoin under Islamic law has been a topic of discussion in recent years, as many Muslims worry that Bitcoin investments may be haram.
I am not trying to discourage people from believing in whatever religion they what but here is one of the reasons I think religions were just created to divide, manipulate and control people. Even when you have your own money, they now want to control on how you can invest it with some funny laws.
Aside from being an asset that can be invested in, Bitcoin can also act as an electronic payment alternative. Besides, what's so different from investing in Bitcoin to investing in Gold, Oil, Real Estates or Farming?
At the end of it all, everyone is trying to look for more gains.
The difference between investing in btc and other commodities like Gold, oil, Real Estate etc according to the article above is "
particularly during times of extreme growth—since they couldn't be sure whether the appreciation of their investment would be considered haram (forbidden) or halal (permissible) under Islamic law"
those other investment options don't experince extremely price pump like btc does and this is a point of concern to the muslim community which is why some find it confusing to invest, in my opinion, i don't think this is enough to be consider as haram but am not a learnerd person in religious matter so i may be wrong.