Cryptocurrency is a type of asset class, not a currency.

Iravan774

International Monetary Fund (IMF) Managing Director Kristalina Georgieva considers cryptocurrency as an asset class rather than a currency. Kristalina dismissed concerns about Bitcoin potentially replacing the US dollar as the world's primary currency, citing the key factors of the size of the U.S. economy and the depth and complexity of its capital markets.

977Iti

Cryptocurrency is similar to gold.

Kahn332

Then why is it called cryptocurrency?

Kapil334

Isn't currency an asset? What is the fundamental difference between them?

Shri333

That's also a significant factor.