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| Updated on December 12, 2025 | news-current-topics
Is Bitcoin a currency or commodity?
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@severinejohnson7617 | Posted on September 24, 2020
Bitcoin is designed as a distributed payment system for equal partners who conduct business without using a middle man and thus it is a medium of exchange. Bitcoin can also be defined as synthetic commodity money i.e. Selgin, which shares features with both commodity monies like gold and fiat monies like the U.S. dollar.