3 ms·

Is Bitcoin supposed to be an investment or a currency?

• jonny_eh 10y ago
  Yes
  • conception 10y ago
    Exactly. Is the dollar a currency or an investment. It's both.
    • colanderman 10y ago
      The dollar undergoes inflation. That makes it a pretty terrible investment. (It is, by definition, outperformed by near-zero-risk I-bonds.)
      • ptaipale 10y ago
        The dollar doesn't necessarily have inflation in comparison to my national currency... and it may be the most readily available investment opportunity that helps you avoid poor national economic policies.
        • aminorex 10y ago
          Yes, this. Hence its worldwide popularity. The dollar is the #1 u.s. export by an order of magnitude; because it is a terrible investment for u.s. persons and a marvelous investment for non-u.s. persons.
  • SyneRyder 10y ago
    "Yes" is a surprisingly good answer. While in many (most?) countries Bitcoin is regarded as digital currency, there are a few countries (like Australia) where the tax authorities treat Bitcoin as an investment, ie "an asset for capital gains tax (CGT) purposes". https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/ https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-c...