There is a debate of if Crypto is a currency, property, store of value or even a utility token.
You here big name investors like Mark Cuban (who is hardcore into ETH & NFT's) talk about they never thought of BTC as a currency.
They then talk about how "smart contracts" and ETH are the future. (even tho we all know the GAS Fees will never let that happen)
Then the US Government came out and said crypto is a property asset and they need to tax you on every transaction.
But what if they are all wrong and crypto (in its current state) is more in-line with a commodity.
Let's look at the 2 definitions of the word
COMMODITY
1st
A raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
‘commodities such as copper and coffee’
2nd
A useful or valuable thing, such as water or time.
‘water is a precious commodity’
I would say the 1st meaning lines up with crypto. It is a product that can be bought or sold.
Now you may say it has to be a raw material, but this is a pre-internet meaning.
I would argue in the modern/future world there is such a thing as a raw "virtual" material and crypto falls under that.
I also think the 2nd meaning of 'a user or valuable thing' can relate to crypto. As the basis for the future networks and protocols it becomes as valuable as time in the new digital world (metaverse).
So what I am saying is with all the hype around crypto, blockchain, NFT's, DeFi etc....
everyone is looking through the lens of the modern physical world.
What if we look at things through the eyes of a fully digital (metaverse) world with no nation states or governments telling us what to do.
Then is your stack (or stacks) of crypto some thing that ties to the material world and the meanings it gives words or is it the commodity that the future will be built upon?
Just my thoughts today
