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Is Bitcoin an asset or a currency? Because right now it is being traded and used like an asset not a currency.
by aNoob7000 5y ago
Is Bitcoin an asset or a currency? Because right now it is being traded and used like an asset not a currency.
- gregwebs 5y agoThere’s similar issues with gold currency. Gold is a self custody asset like Bitcoin: https://www.lynalden.com/gold-and-bitcoin/ https://www.lynalden.com/gold-and-bitcoin/ Just as dollars used to use a gold standard, Lightning is using a Bitcoin standard. So it’s an asset that can be used as a base layer for currency.
- TheColorYellow 5y agoCurrencies ARE assets. Even fiat currency requires it be viewed as an asset by society to then lend its usage as a currency.
- giaour 5y agoNo, currencies target low positive rates of inflation specifically to discourage their being viewed as assets. The point of a currency is to serve as a medium of exchange, not as an asset to be held. That's why accounts where people are encouraged to "hold" currency actually exchange the currency for liquid assets like stock, money market fund shares, or an insured interest in a bank's general loan pool.