Is Cryptocurrency A Commodity Money

Are Cryptocurrencies Commodities or Securities?

It Depends on Which US Agency You Ask

Are cryptocurrencies commodities or securities? It depends on which US agency you ask. Bitcoin has been labelled a currency, a commodity and an investment. So are cryptocurrencies actually currencies? Or are they closer to securities like stocks and bonds?

Well, yes, it can be used to buy, sell and price goods much like dollars and euros. According to Markus, Bitcoin is "a medium of exchange, a store of value, and a unit of account. It meets the three criteria for a currency.".

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