Bitcoin: cryptocurrency or virtual commodity?

When someone mentions the term “Cryptocurrency” your mind can’t help but immediately think of Bitcoin. After all, it is the most expensive and well-known currency. Taking just a quick look at the markets will show you that its popularity isn’t abating anytime soon.

However, according to Allianz Chief Economic Advisor, Mohamed El-Erian, the crypto world’s most famous currency is not even a currency, but rather a commodity.