IMO, since there’s so much confusion out there, KISS. #Bitcoin is money (SoV, UoA, MoE with fixed supply). While the meaning of many words has intentionally been blurred, #Bitcoin is not a commodity, asset, investment nor property in the strictest sense. People who categorize #Bitcoin into anything other than money usually have an ulterior motive to tax, regulate and control it.
Discussion
Bitcoin is certainly a commodity. A commodity can be used as money if it has the correct properties. The "meaning" or better stated definition of commodity is "a useful or valuable thing, such as water or time.". Bitcoin fits that definition very well.
A commodity, before the intentional redefinition is something you can eat or a raw material. Which makes sense. You can’t eat money, nor is it a raw material. If it’s money it’s money. Why also categorize it as a commodity?
Gold was used as money for 10,000 years and it's a raw material. Money is a commodity used for trade.
I also already gave you the example of time. Time cannot be eaten and is not a raw material but is certainly a commodity.
A commodity is something useful or valuable and there was no "intentional redefinition" of commodity. That's been the definition for hundreds of years.
Money is money, time is time, a commodity is a commodity, property is property, a man is a man, a woman is a woman etc . Or, to confuse people, they are all the same.
A man is a man, a man is also a person, a human, an animal, a living organism. Things can be more than one thing.
Money is money, and it's also a commodity. I know this is getting complicated but try not to over-simply things so that it fits into your narrative that bitcoin is "only money".
And to be completely honest as of today bitcoin is pretty shitty money. That will, hopefully, change with time. But as of right now it sucks as money.
Money is an asset (read commodity) that serves the following purposes:
1. store of value
2. medium of exchange
3. unit of account
Bitcoin is a poor medium of exchange because only a tiny fraction of people will trade with it. And bitcoin is a terrible unit of account because it's purchasing power varies wildly by the hour making it inappropriate to use for accounting, at least for now.
In any society "money" is the asset that exists within that society which has the best mix of the following properties:
1. portability
2. fungibility
3. durability
4. verifyability
5. divisbility
6. scarcity
Bitcoin is the best mix of those properties. This is why I believe that over time it will become the defacto "money" for the world. But money must be a commodity before it can become money.
Hopefully this helps you understand better the relationship of these concepts to each other.
My man, the Keynsian’s got you so confused. Let’s play a word association game. Should help you get back to the roots of our language. If you blur the meaning of words, we can’t communicate. Here are my associations:
Money-gold (interestingly, confusingly, serves two purposes. A commodity ie raw material for jewlery, and, separately, money)
Property-land
Commodity-wheat
Investment-open a bakery
Woman-baby
Man-…
You can’t invest money in money
You can’t eat money
You can’t grow things on money
A man can’t have babies
Etc
Yes, a man is also a human, but a man is not a woman. And yes, the first five are also assets („enough to settle a will“). But money is not a commodity, property (any item that a person or a business has legal title over. Property can be tangible items, such as houses, cars, or appliances, or it can refer to intangible items that carry the promise of future worth, such as stock and bond certificates), nor an investment etc etc
Why would you want to classify money that way anyway?
You can smoke money. In prison cigarettes are the asset most durable, fungible, divisible, portable, verifyable, and scarce, so they are used as money.
They are an asset, they are a drug, they are a commodity, and they are money. My man.
Interesting what Michael Saylor said, "ai will want bitcoin"
Therefore its not hard to believe we will all have a personal ai, and it will do commerce using #bitcoin