Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - Asset Or Currency?
by
Dr.Bitcoin_Strange
on 22/06/2023, 00:00:07 UTC

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

Bitcoin is not only an asset; it's also a currency. I know that currency has the first meaning as "something (money or other items) that is being used to facilitate transactions, and it also means the paper or physical cash." So, Bitcoin can be considered currency in the sense that it's a digital thing that is used to facilitate transactions. It is an asset because it can add extra value to your holdings by diversifying. Some people picture Bitcoin as an asset, while others see it as both a currency and an asset, so I will say that you should just see it as both. What will justify the difference is what you are using it for at that moment. If you are holding it as an investor, it's an asset for you and also a currency because you can make payments with it at that moment. the. It can also only be a currency for someone who is only concerned with using it to fulfill a transaction.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺