There is a disconnect between what people commonly think a currency is and what laws state a currency is. Regardless of what people feel like Bitcoin should be

There is a disconnect between what people commonly think a currency is and what laws state a currency is. Regardless of what people feel like Bitcoin should be classified as, it will never be classified as a currency in the eyes of the law written around foreign exchange until it is legal tender in a recognized nation. If that ever happens, then the entire existing body of laws written over decades revolving around the FX market will formally apply.