I agree with you that upon creation, Bitcoin wasn't initially termed as an asset, infact the initial motive why Satoshi created Bitcoin was for an alternative money to fiat currency for carrying out transactions easier and faster without any third party being involved, but over time, the price of Bitcoin increased making it have value and is currently seen as an asset class.

 Moreover, what can one classify as an asset if not anything that's valuable and increases over time. Well, does Bitcoin fall under such category? The answer is yes because it's value has increased rapidly over time making it to be classified as an asset even while being used as a currency for carrying out transactions.

Yes, as Bitcoin is still not legal in most countries of the world so Bitcoin transactions are considered illegal. And no illegal currency ever gets much priority as an asset. Although Bitcoin is being transected in different parts of the world, it is very little compared to fiat. If governments take a positive view of Bitcoin or cryptocurrency, then surely Bitcoin will be considered more as a currency. So at present it is better to consider Bitcoin use as an investment tool rather than as a currency. It is also true that in the future Bitcoin will start to be used as a currency. As different countries are validating Bitcoin, we can say that Bitcoin will be used as a currency in the near future.

Bro what are you trying to say, the fact that Bitcoin is not legal in some countries doesn't mean it can't be described as an asset, those countries who placed a ban on Bitcoin is best known to them and if you make you research you'll see that it's mainly because their government can't control the currency that's why they placed a ban on it.

 However you need to ask yourself this question (what is an asset?) Then when you've made your research to find out what it means then you should try and figure out if it falls under the category of any definition you find out about what an asset is, also I won't deny the fact that it's a currency (digital currency) one can also say it's an alternative currency for carrying out transactions but based on it's increase in value over time it's has become an asset (digital asset).

 If Bitcoin can't be described as an asset do you think many investors (whales) for instance Michael Saylor who is the owner of Micro Strategy and other top institutions and Business men would buy it an hold for a long-term, infact what do people hold for a long-term if not for an asset, if bitcoin was meant for transactions alone, then there won't be any need for buying and holding for a long-term and it increase in value over time has made that possible.

Bitcoin as a currency or as an investment, I will say it’s been used as a currency than being used as an investment. The purpose of its invention is not what a lot of people are using it for today but that to show how diverse it is and can be applicable in many ways that you wish to. As an asset, it is very different than most of the assets we know today, like gold, real estate etc. How its value increase or improve overtime has a huge kind of impact and influence in the value of it, so I see bitcoin to be a more superior asset than any other form of  crypto currency assets one can have or any physical asset you can venture into.

Satoshi's goal in creating bitcoin was to make it a peer-to-peer currency, a currency that could increase our privacy and free us from government control. But we turned it into an investment and we're happy with it. Why is no one complaining when we use bitcoin for a completely different purpose than Satoshi originally intended? So why do we criticize others just because they don't think like us and use bitcoin for other purposes?

Instead, we should be proud that bitcoin is the only asset that has many different use cases that no other asset can do, and should respect others when they use bitcoin for their purposes.

That's right, many people are unclear about what an asset is.


Like you, for example, who don't understand. Money is an asset. People don't usually consider it because after a short time they only have like $60 left in the bank, but think of someone who has $60 million, I don't care if it's in the bank or in a safe deposit box. That is an asset.


They are. If you have $60 million worth of the latest fancy shitcoin you have an asset worth $60 million. It's another thing if the fancy shitcoin goes to 0 in a few months, but today you have an asset.

As far as I understand it, assets are all forms that have Economic value. Bitcoin is an intangible commodity asset that has a selling value.  This means that all cryptos that have value, I consider an asset before it has no selling value. This means that it is true that not all cryptocurrencies are assets because they do not have a selling value. But most traded cryptos are assets because they still have bid and sell value. CMIIW

OH, well...! we have even the Oxford dictionary appears there ones post before :  ), but the reality is that everyone can have their opinion and can understand it as they wish, what is important here in reality is how the legal aspect of your government or your country understands it, that is what is really important, give it your idealistic or real concept, but in the long run what determines the law in the country you are in is what governs.

Well according to what Google defines fiats are assets but not tangible ones, and in this definition, Bitcoin is also an asset, fiats are the type of assets that are legal tenders. TBH Bitcoin is an asset close to my view and this is one of the most potential and reliable ones. I'm not sure about the appreciative and depreciative as there's no limit of time period mentioned.