Is Bitcoin a Currency or an Asset? Not Everyone Agrees.

The emergence of cryptocurrencies like Bitcoin (CRYPTO: BTC) sparked an ongoing debate. Is the virtual currency backed by blockchain an asset? Or is it a payment system akin to the U.S. dollar? Either way, the fact that both Square (NYSE: SQ) and PayPal (NASDAQ: PYPL) have recently entered the Bitcoin fray shows that cryptocurrency is entering the mainstream.

On this clip from Motley Fool Live, recorded on Feb. 8, "The Wrap" host Jason Hall, Fool analyst Auri Hughes, and Fool.com contributor Danny Vena compare and contrast cryptocurrency to fiat currency and discuss whether it should rightly be called an asset.

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Source Fool.com