Posts

CRYPTOCURRENCY IS AN ASSET,NOT A LIABILITY.

avatar of @peterale
25
·
0 views
·
2 min read

Basically! Anywhere cryptocurrency is being talked about,we know it to be an investment. An investment in the sense that, cryptocurrency is a kind of investment that you can invest with your money with the hope that you will make gain from the cryptocurrency investment. So height of what cryptocurrency can be tagged with is that it's an investment. To shed more light on cryptocurrency; the word cryptocurrency is the umbrella term for every hundreds of cryptocurrency coins that we have access with the hope the hope to Invest.

Cryptocurrency isn't a liability.

I can't even imagined if anyone has ever attached cryptocurrency to be a liability or a liability company because we know what liability actually means. Though we might have different cryptocurrency company under cryptocurrency Investment which some Investors see their selves liable to the cryptocurrency company that they have invested. But cryptocurrency as the umbrella term is not liable to any Investor's Investment. Liability is the amount of money, fiat which seems like a debt so to say maybe of a company's investment. Imagine a company owing some amount of money; that can be called a liability. So it's safe to say, cryptocurrency is not owing anybody or any Investor.

Should we see cryptocurrency an asset?

To me,I see cryptocurrency investment to more of an asset than any other thing. To all Investors of cryptocurrency investment,it's what all Investors should see as things they own as part of their Investment either offline or online. Asset is that thing whatsoever that you see have at your possession or what you have at your disposal with the potential that they can yield interest. That's what cryptocurrency investment entails which all Investors are hoping for that either in a long or short while they should make profit.


Thanks for stopping by to view my blog. Please do have a wonderful day ahead.@peterale cares🤭

Posted Using LeoFinance Beta