Is Bitcoin just a collectable like baseball cards or Beanie Babies?

NoSome have said that cryptocurrency is more like a collectible akin to baseball cards. I don’t think that’s right.Crypto is way more liquid than a collectible. It would also be way easier to use cryptocurrency as medium of exchange than collectibles.Also, this suggestion that cryptos — like Bitcoin — are just collectibles doesn’t explain the fact that you can buy Bitcoin collectibles like physical coins, but we wouldn’t say those are actual Bitcoin. It’s manifestly unconvincing. It would be like saying that Gold is a collectible like Beanie Babies (or collectible bubble) because it can get spectacularly overvalued. Again, this is unpersuasive. Gold is not a collectible, it’s a commodity. By the same token, Bitcoin and alt-coins are currencies, not collectibles.Lots of things hold value, but that doesn’t necessarily make them a collectible. Commodities and real estate hold value, but they aren’t collectibles.Now it’s true that Bitcoin and collectibles are both alternative assets. But to suggest that this would mean, Bitcoin=collectible, would be like saying that since Coke and Pepsi are both sodas, therefore, Coke=Pepsi. That’s not just false, but it’s fallacious reasoning as well!But even if we granted for the sake of argument that Bitcoin is a collectible, it would be fallacious to conclude that it is merely/only a collectible.Photo by Mick Haupt on Unsplash