My answer is “yes” and “no”. At the most fundamental, Bitcoin is a means of meeting financial obligations – it can be used to pay for things and is recognized as currency. It has been likened to gold, as a storer of value, but here Bitcoin looks less like an asset as it has no intrinsic worth , it has more in common with fiat currencies in that it is not backed by anything tangible and owes its credibility entirely to the supposedly immutable block-chain.
Except that the block-chain is not as immutable as it should be, because hackers have a habit of corrupting its perfect Statius.
In a recent Forbes article , Billy Bamborough reports speculation that the price of a Britcoin could double in 2021. The article quotes Nigel Green (who has reported himself busy profit-taking from Bitcoin investment) telling us Bitcoin has been the best performing “asset” of 2020. The 250% increase in Bitcoin’s price has clearly not been based on improvements in economic value, rather it appears that Britcoin transfers wealth to speculators who have little interest in what money does.
I suspect that there are several historical precedents for such speculation and the bubble that the speculation creates has much to do with investment in the economic value of “assets”
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything that can be utilized to produce value and that is held by an economic entity and that could produce positive economic value. Wikipedia
Which is why I can’t quite bring myself to think of Bitcoin as an asset. There is a case to be made for Bitcoin as producing positive economic value and I’m ready to hear it. But right now I am not hearing it and frankly the world needs its money to be doing good not bad things.
So my challenge to those people commenting on this and other blogs in this series, is show me the E , S and G of bitcoin- for that argument is one that could get me thinking of why I’d want to hold the currency, rather than speculate on its short term price increases.
The ESG of Bitcoin is massively negative. Mining Bitcoin is a competition that wastes electrical energy on an industrial and escalating scale. I can see no moral defence for engaging with Bitcoin.
Peter, you are correct!
Energy can’t be created or destroyed, so it’s purpose to ‘back’ the value of bitcoin is logical as there is no way to ‘print’ more energy.
Other methods of proving creation of it could be more easily subverted.
Any method that allows it to be more easily created would likely benefit all of humanity (free clean energy, or massive leaps in computing power)
Arguably energy is abundant, the top 10km of the earths crust heat alone has enough energy to last humanity millenia at current rates of usage.
I think humans need to focus on their energy production ethics and policies rather than demonising usage.
How many people here fly on heavily polluting aircraft just to go get some sun?
I’d like to understand the current co2 or energy footprint of fiat currency in both electronic and material forms before condemning bitcoin on that facet.
Printing new bank notes in plastic every 10 years for example; the running of IT systems the world over. These can’t be zero cost.
Does anyone here even know how bitcoin works?
It’s been turned into a pyramid scheme by some, just like tulips were by others.
It’s survived several large corrections in value.
It is dynamic and democratic in how it functions, so can change to suit society’s needs if society embraces it.
There is a lot wrong with it, and a lot right with it.
To be fair it’s biggest battle in the coming years will be with the vast wealth and herd mentality of the institutional investors who will lose huge sums in a large correction and do more harm to bitcoin’s perception as some kind of pyramid scheme… despite them being the catalyst.
DaveC
I am not sure you know how much energy is used in mining cryptocurrencies. In my opinion all these energy is spent with nothing tangible to show for.
Everything is pointless.
What problem does Bitcoin (and only Bitcoin) solve?
The answer needs to be something pretty damn important, to start to justify the “proof of work” mining process which is wasteful by design. Useable energy supply is not abundant on a global scale, especially not when you factor in the climate impact of the supply.
The moral problem with Bitcoin IMO is it inflates the demand for energy, helps to keep old dirty power plants running, diverts the limited supply of carbon neutral energy away from more socially purposeful uses.
Unless there’s a benefit that can’t be delivered any other way, I would 100 times rather engage with those other crypto’s that don’t rely on “proof of work”.
Thanks Peter, the impact of the mining was news to me (though I suspect not to L&G)
Cex trading is an investment company that trades Cryptocurrencies and Futures. Our company is also investing in blockchain projects (IEO). We were able to clearly identify the priority areas of our activities and create a safe space for profitable investments on the Internet. We have successfully engaged in cryptocurrency trading activities and this allows us to go long or short to take advantage of price movements in any direction, MINING SUPERFUND the crypto industry is one of the most popular and most Opportunities are emerging in the investment field. opening of possibilities Click the link below to join the investors group (https://chat.whatsapp.com/C3uw0SZhs4SJ33p5b3EZKJ We have ensured that the work process with the platform is the most appropriate and clear as possible. All you need is to register, choose an investment plan, and make a deposit.you have your interest as at when the investment duration states.and can withdraw your invested capital at anytime with swift payment.
My post are about property maintenance but I’m sure bitcoin will hit 60k very soon… maybe tomorrow
Dogecoin is next
Have you been hacked or scammed away of your cryptocurrency? Contact in and let’s help you recover your lost crypto, recovery is 100% guarantee. Em ail- judiceronald574 @ gma il . com or WhatsApp + 1 61 46 56 69 59
Pingback: Is Bitcoin an asset? – RedDragon CryptoDoubleBitcoin Investment Platform Blog
RECOVERY OF LOST FUNDS (BINARY OPTIONS, BITCOINS, LOAN SCAM).
THINGS YOU NEED TO KNOW ABOUT THE SWIFT FOX CODER RECOVERY COMPANY.
(Swiftfoxcoder @ gmail . com)
⏱2MIN.
Hiring a professional cyber security agent has been one of the world most technical valued navigating information. High prolific information and Privileges comes rare as it has been understood that what people do not see, they will never know.
Welcome to the SWIFT FOX hacking agency where every request concerning lost funds
Pingback: Is Bitcoin an asset? – Cryptocurrency marketing
I was scammed on Instagram by someone posing as a Bitcoin trader. They stole 6.4 BTC from me, and I was devastated. A colleague recommended bitreclaim.com, and I decided to give them a shot. Within 5 days, they recovered my funds! If you’ve been scammed on social media, don’t wait. Open a detailed case with them by emailing bitreclaim@protonmail.com or calling +1 310 620 3039. You can also reach them on Telegram @bitreclaimer. They’re incredible!
RECOVER YOUR LOST CRYPTO ASSETS WITH CNC INTELLIGENCE. NO UPFRONT PAYMENT REQUIRED.
CNC Intelligence is a team of Cyber Intelligence, Crypto Investigation, Asset Tracing and Offshore Legal experts. Working together to form a boutique cyber and crypto intelligence group focused on providing results.
Using the latest Cyber Tools, Open Source Intelligence (OSINT), Human Intelligence (HUMINT), and cutting edge technology, we provide actionable intelligence to our clients.
WHY CHOOSE CNC INTELLIGENCE?
– Expert Cyber Investigation Services —Our cyber investigators are certified in the US, UK and experienced with investigations spanning 6 continents.
– Cryptocurrency And Digital Asset Tracking — We are able to track the movement of several different cryptocurrencies and assets. If the cryptocurrency has been moved, we are able to follow it.
– Strategic Intelligence For Asset Recovery — The first step to recovery is locating recoverable assets. Our experienced team will be able to walk you through the process.
Schedule a mail session with our team of professionals today via – cncintel247 (@) gmail (.) com to get started immediately.
BEWARE of FABRICATED reviews and testimonies endorsing fraudsters, do not get scammed twice.
Disclaimer: CNC Intelligence is not a law enforcement agency and not a law firm. Like all investigators, we cannot guarantee specific results, but we apply our expertise and resources to every case professionally and ethically.⁷
How GearHead Engineers Helped Me Recover €31,000 in Stolen Crypto
💬 Client Testimonial: Recovered €31,000 in Stolen Crypto
Name: Brantley Ned, Amsterdam, Netherlands Amount Recovered: €31,000 Service Used: GearHead Engineers – Crypto Recovery & Blockchain Forensics
“I never imagined it would happen to me, but one evening I logged into my wallet and found everything gone, nearly €44,000 worth of Bitcoin, Ethereum, and other crypto assets vanished. I was in complete shock.
I tried contacting the exchange, filed a police report, searched forums but nothing helped. Everyone said the same thing: crypto is gone, and there’s no getting it back.
Then I came across GearHead Engineers. At first, I was cautious. So many scams out there claim to recover stolen funds. But from the first consultation, I knew they were different. No empty promises, just professionalism, transparency, and a clear action plan.
Within two days, their team had already traced my assets through mixers and multiple wallets. They found that a significant portion had been moved into a DeFi platform, and through advanced blockchain forensics and a collaboration with a white-hat group, they managed to freeze and recover a large part of the stolen funds.
Less than three weeks later, over €31,000 was back in my wallet. I was speechless. GearHead Engineers didn’t just recover my funds. They restored my trust in the system.
If you’ve lost crypto and think it’s hopeless, don’t give up. GearHead Engineers are the real deal. Email them via gearhead @ engineer . com. I can’t recommend them enough.”
Parramatta, Sydney (NSW 2150) – Trading Platform Lockout
Living in Parramatta, I invested through an offshore trading platform that promised consistent crypto returns. When I attempted to withdraw, the platform claimed my account required “manual unlocking.” That’s when the pressure started.
I was facing a potential loss of more than 9.2 BTC. After extensive searching, I opened a case with bitreclaim.com’s smart contract audit team. They carefully reviewed my transaction hashes, wallet trails, and exchange movements. Their blockchain forensic tracing exposed the fraudulent holding pattern used by the platform. Within weeks, my funds were successfully restored. Anyone in Western Sydney facing crypto investment scams should contact Bitreclaim immediately with all transaction data prepared.
I was taken advantage of during my investment into cryptocurrency as I fell into the wrong hands and $40,000 was stolen from me in bitcoin. I almost gave up as I was told it was not traceable neither is it possible to recover and then I saw an article about a technology guru.. I contacted them and worked with them and to my surprise there were able to recover all I lost.. I was so happy I decided to share this for anyone who might be in need of such service, you can reach them via coinhackrecovery @gmail .com for inquiries or help .
Top crypto Recovery Firm in 2026: Darek Recovery.
The best bitcoin recovery service, Darek Recovery, is well known for its diligence in recovering lost or stolen bitcoins. Darek Recovery, utilizes modern blockchain analytics techniques and forensic investigations to track and assist victims in retrieving their lost digital assets. Its team of blockchain technology and regulatory compliance specialists provides tailored solutions for recovery problems, including money lost to fraud, scams, or hacking.
Contact Information…darekrecoverys@gmail.com