Crypto is considered an intangible asset that lacks a physical form like cash or gold. Instead, its value is created from digital records and underlying technology.

Intangibles include crypto for the following reasons:

✔️ No physical form: You can't hold Bitcoin or any other cryptocurrency in your hand. It exists solely as a digital representation on a blockchain ledger.

✔️ Treated like other intangibles: Accounting standards like US GAAP classify cryptocurrencies as intangible assets, similar to patents or copyrights.

Cryptocurrencies can still be traded for goods and services or exchanged for other currencies, even though they can't be physically held.

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