/cdn.vox-cdn.com/uploads/chorus_asset/file/23904924/mchin_201020_5350_0008.jpg)
© Reuters
(BTC) is a dynamic financial asset with the potential of being each — a commodity and a foreign money. For example, the Securities and Trade Fee (SEC) categorised BTC as a commodity, whereas El Salvador made Bitcoin a authorized tender in 2021.
So, does this make BTC a retailer of worth or a medium of change? It may well do each — On one hand, BTC will be added to treasuries as an inflationary hedge. Then again, it may additionally serve the retail goal of paying for routine bills.
