Re:Robinhood Crypto Gets Wells Notice from US SEC
by megadal on Monday May 06, 2024 @05:21PM
(#40279649)
From Wikipedia:
> In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
I am pretty sure you can get BTC from any exchange and sell it on any other exchange. Whereas, with stocks, you generally cannot as a retail investor.
That is, I suppose, what makes crypto a commodity at its core.
> In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
I am pretty sure you can get BTC from any exchange and sell it on any other exchange. Whereas, with stocks, you generally cannot as a retail investor.
That is, I suppose, what makes crypto a commodity at its core.