Bitcoin – it’s not a currency, it’s not a capital asset… so what is it?
Bitcoin – it’s not a currency, it’s not a capital asset… so what is it? Key points Digital currencies and blockchain technology may have a lot to offer – but that does not mean Bitcoin will be it. Due to extreme volatility, high transaction costs and slow processing, Bitcoin does not cut it as digital cash. But it’s not an asset generating cashflows either, which makes it impossible to value. Key for investors is not …