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Is Bitcoin a commodity or a currency [duplicate]
It has properties of both.  Tax authorities will eventually give their opinion on this.  Through its properties of finite quantity, fungibility, and resistance to forgery/duplication, it acts as a commodity.  It can be sent directly between any two parties anywhere on Earth, without regard for the quantity transacted or physical distance, to act as a currency. By the way, establishing trust in a trust-free environment through cryptographic proof-of-work is a remarkable invention.  Sending economic value, cheaply and securely, around the world in minutes, not days/weeks, is a remarkable invention.  This is where the value comes from.