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In shariah, there is no valid reason to accept bitcoin or other cryptocurrencies as a currency. Unlike fiat currency, which is represented by a paper medium susceptible to damage, loss, and theft, bitcoin has intrinsic value as its worth can not. I see so many users talking about intrinsic value. The fact that it is decentralized and not controlled makes a lot of people consider trading according to islam, bitcoin trading is considered more haram than halal though there is always a debate. 3.1k members in the islamicfinance community.islam urges the pursual of financial activities that are not haram, are devoid of gharar (ambiguity) or maysair (gambling).
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Scholars who say crypto is halal
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Cryptocurrency halal or haram islamqa :
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Cryptocurrencies allow for secure online transactions using tokens.
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