Is Bitcoin a currency or commodity? - Letsdiskuss
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Anonymous

Posted 04 Sep, 2019 |

Is Bitcoin a currency or commodity?

Severine Johnson

Digital Marketing Executive | Posted 24 Sep, 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.