Bitcoin has gained popularity since its introduction in 2009. However debates has started to arise what role will bitcoin be playing in the internet trade. Can it be considered as a currency or an asset?
Let’s talk about a few of the arguments why bitcoin can be considered either an asset or currency.
As currency bitcoin has been used in exchange of goods and services examples of which microsoft, subway, expedia, whole foods, bloomberg.com to name a few organizations who take bitcoin as payment.
On the other hand another group of netizens see bitcoin as an asset rather than a currency. Mainly on the following premises. They do not see bitcoin as a universally accepted currency. First bitcoin has had extremes of high and lows of its value in the last couple of years. Therefore its erratic unlike common currency (money)who may fluctuate but not on seesaw scale. Second some argue for while bitcoins boasts it is decentralized it being usable to a good no. of countries. Its down side is its lack of regulation make it an unstable currency. Third to date its complexity and time to do an exchange eg: payment takes time. Make it less a viable option for mass and widescale transactions.
Looking at the two sides of argument. I leave to you to decide where you think the direction of bitcoin will go in the next couple of years.
