Bitcoin is not:

an equity. You don’t own part of a company when you buy it.

a debt. Nobody owes you money when you buy it [ask those who bought at around $20k USD]

a currency. People don’t really do transactions in it.

That leaves:

a speculative gambling token, just without all those nifty odds the lottery gives you.

Resident of Frogpondia.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store