The United States federal authorities have a mind of their own.Author: Topic: Bitcoin: Commodity, Store of Value or Digital.
Bitcoin is a Digital Commodity, Not Just a TechnologyThe US Commodity Futures Trading Commission (CFTC) has officially recognized Bitcoin has a commodity, offering yet further recognition for the emerging digital currency.
Government to regulate Bitcoin as a commodityThe latest news and analysis on bitcoin, digital currency and blockchain.
Just to gain popularity and to compete the existing e-currency systems and fiats, bitcoin is also included with a characteristics of store of value.Currency can be made into a commodity and traded as such, though the converse is not always true, i.e. not every commodity can be made into a usable currency.Learn how capabilities to buy bitcoin have grown from the days of Mt.As a commodity, recently most people have started spending to buy bitcoin and stack it based upon the varying price.After two years of lackluster returns, the price of a single coin soared more than 100% this year — leaving it on track for its best annual performance.This store of value makes bitcoin as a commodity, to be traded and to be saved for investments all are possible because of this characteristics of store of value.
COMMODITY: BITCOIN VS GOLD - SlideShare
Bitcoin Is No Longer a Currency - The Atlantic
Much like gold, oil, or soybeans, Bitcoin is now officially a commodity.Legality of bitcoin by country or territory. (HKMA) said that bitcoins is only a virtual commodity.It probably makes sense to look at Bitcoin as a product rather than just a currency.Putting all these together,I cannot separate one from the other.
Is Bitcoin a Currency or a Commodity?
You cannot have a situation where your money is worth less (or even more) in a day or an hour.
The Bitcoin Bubble Boils - Winklevoss Bitcoin Trust ETFA currency needs a relatively stable value to function as a medium of exchange.Sponsored by Private Internet Access, a Bitcoin-accepting VPN.
CoinReport Bitcoin Commodity Exchange CEX.IO to Impose a
Every department considers bitcoin as their own and want to control over it.
Exchanges - Bitcoin
Essentially, stores of value are items where the value does not decay over time, but can in fact also increase.Within the next two weeks, bitcoin commodity exchange, CEX.IO, will impose a trade fee.That is true, but Bitcoin has an enormous network effect, similar to Facebook.But it is also a form of currency since you can use it to purchase things online and is also given as a form of salary in online jobs.