&gt; All this having been said would I consider buying and holding some bitcoin as very LIQUID asset, and cash equivalent.<p>But how liquid Bitcoin really is?<p>Suppose you have 1 BTC on your phone. Can you instantly turn it into cash (and vice-versa)? Does that depend on a single Bitcoin exchange, which can stop working suddenly leaving you stranded? Does it have to go through your bank account or your credit card account?<p>This is probably not an issue if you live in a place with a high enough amount of Bitcoin users, since many of them could be willing to exchange Bitcoins and cash with you. But otherwise, it&#x27;s a relevant question to ask.