Bitcoin Is Currency Or Asset?

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This argument of currency over asset, or store of value, has raged on for some time now with a few strong factions forming. There are those who believe that Bitcoin, like the whitepaper says, is a currency and should be liquid enough and functional enough.

Then there are those who believe that Bitcoin is dead and Bitcoin Cash is the new Bitcoin, as it functions like a currency.

There are those who are calling Bitcoin digital gold and backing it as a new asset class for investors to store and profit from.

Cameron Winklevoss, Bitcoin’s first recognised Bitcoin billionaire with his twin brother, said recently:

"We've always felt that Bitcoin, given its properties, is gold 2.0 — it disrupts gold. Gold is scarce, Bitcoin is actually fixed.”

Either or, asset or currency, Bitcoin offers the man in the street a lot more power than he used to have when it comes to any form of financial movement. Investing or spending, with Bitcoin people are set free.

Bitcoin Is Currency Or Asset? | Ecency