Quote from: Oshosondy on June 20, 2023, 03:32:53 PM

Quote from: PytagoraZ on June 20, 2023, 03:01:33 PM

In your opinion, bitcoin is an asset or a currency?

Bitcoin is an asset. Bitcoin is also a currency.

Bitcoin is a currency as well as an asset. It is money if you are in El Salvador. Being in an African nation is advantageous. It serves as both a currency and an asset in several other areas. Bitcoin doesn't currently have many use cases, but with time and an increasing rate of acceptance, we will. When my nation was in a recession and inflation was high, I changed my bank wealth into bitcoin a few years ago to prevent it from falling. Here, bitcoin acted as an asset that I could use as a store of wealth and an inflation hedge. When I needed to purchase an item from a foreign country but my country's bank cards were not being accepted, I asked the vendor if they would accept bitcoin at that moment. They complied, and I used bitcoin to pay for the item. Here, I used bitcoin as my medium of exchange. I personally view bitcoin as a currency as well as an asset.