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No, 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 rule
by abritinthebay 10y ago
No, 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.