In the mid-90s, a digital asset is a digital entity owned by an individual or company. Examples include digital photos, videos, and songs. These assets are not tangible, meaning they have no physical presence. Today, inventions such as cryptocurrencies are part of the digital asset revolution. Bitcoin represented the biggest change to the meaning of the term digital asset to date.

Cryptocurrencies and fiat money come with attributes that make them stand out as a ability of legal tender regardless of jurisdiction. However, they also come with cons that have seen them proceed to divide opinion round the world.