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Because you say so? Commodities are goods or services, bitcoin is neither.
by TelmoMenezes 10y ago
Because you say so?
Commodities are goods or services, bitcoin is neither.
- csomar 10y agoI don't want to get into this discussion but everything is an asset. Bitcoin is an asset, so is the coffee you bought today at starbucks. It doesn't really matter as long as you can bridge it for your needs.
- abritinthebay 10y agoNo, a commodity is a marketable item produced to satisfy wants or needs, usually fungible. Bitcoin is all of those. It's for this reason that the USCFTC ruled that Bitcoin is a commodity. So not because I say so; because the people whose job it is to say so, say so.