Is bitcoin currency or commodity

Both have limited supply, require mining, have a relatively inert state, are portable, and have actual uses such as financial transactions in the case of bitcoin and, for example, for electronic circuits in the case of gold.Bitcoin According to Regulators: Money, Currency, Property, and Now a.BTCManager website is offered to wide range of readers as a daily digest that focuses on issues and modern solutions in the practical application the main cryptocurrency and its derivatives.Late last week, the U.S. Commodity Futures Trading Commission (CFTC) defined bitcoin and other digital currencies as commodities.It can be used as payment for transactions at companies that accept it the.Gold, on the other hand, returned -6.3 percent on an annualized basis in the last five years.Bitcoin is now classed as a commodity in the U.S. after a. but not accorded the same status as an official currency.

Bitcoin: What Is It Good For? -

The true issue is not whether bitcoin is a currency or commodity, but rather whether bitcoin is US currency or not.

Bloomberg London About Careers Diversity and Inclusion Philanthropy and Engagement Sustainability Tech.It is also a fallacy that gold is a good hedge against inflation as Reuters, Forbes, and Bloomberg have reported.Among our main objectives is to popularize the use of cryptocurrency, explanation what cryptocurrencies are and how they play the role of payment instrument and means for safe storing and earnings, as well as providing the necessary knowledge, educational articles, information about upcoming events and conferences dedicated to the development of cryptocurrency.Chris Burniske, blockchain analyst at ARK Invest, for example, believes that investors are buying bitcoin as they see it a good hedge against inflation.The US Commodity Futures Trading Commission (CFTC) has officially recognized Bitcoin has a commodity, offering yet further recognition for the emerging digital currency.

Bitcoin 'miners' dig more than just the money -

On September 18th 2015, the Commodity Futures Trading Commission (CFTC) has decreed Bitcoin a commodity, while other US agencies defined it as a property and as a.Six assertions concerning the status of Bitcoin are formulated and defended: (i) Bit- coin is not and will not become a currency-like informational commodity, (ii.Bloomberg Anywhere Remote Login Software Updates Manage Contracts and Orders.

Bitcoin is now considered as a commodity in the US due to a ruling by CFTC.

What Is Bitcoin? Is It Legal Money? What Could Happen To

Bitcoin Is Now Classified as a Commodity in the U.S.

Bitcoin, like gold, has properties that make it act as both a commodity and a currency.Whether you consider bitcoin to be a currency, a digital commodity or just a technological fad, the fact that BTC-USD surpassed the value of one troy ounce of gold is an important milestone for investors looking at alternative asset classes for portfolio diversification.

Bitcoin is a worldwide cryptocurrency and digital payment system:3 called the first decentralized digital currency, since the system works without a.A recent Bloomberg article argued that bitcoin is neither a real currency nor a commodity.We have discussed several different ways in which bitcoin creates an intrinsic value for itself.Bitcoin is now a commodity according to the Commodity Futures Trading.Bitcoin itself is not subject to inflation due to its design.Gold and bitcoin are regularly compared in the financial media as being two somewhat similar assets, which is not surprising as gold and bitcoin have a lot in common.

Bitcoin: between digital currency and financial commodity

Bitcoin - Wikipedia

Bitcoin - Currency or Commodity For Purposes of ยง550 And

This according to United States regulator Commodity Futures.Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information.

Bitcoin is not a new form of money that replaces previous forms,.

It's Official: Bitcoin, Digital Currency Now Classified as

Secondly, just like one ton of wheat in indistinguishable from another ton, one bitcoin is no different to another.If you believe that you may have received this message in error please let us know.Referring to bitcoin as a currency is a risky move at the moment.Please enable JavaScript to view the comments powered by Disqus.The US Commodity Futures Trading Commission has ordered that bitcoin be treated as an official commodity and.Why Bitcoin Is Not Regulated. regulatory measures need to focus on security, price stabilization, and a position for Bitcoin (currency versus commodity.