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Cryptocurrencies, investing or gambling?MPs have urged the government to treat retail investment in cryptocurrencies such as Bitcoin as a form of gambling. 1. Investments are long-term, while gambling is short-term. The truth is, cryptocurrency could be either an investment or a gamble, depending. Buying crypto means that you are trusting money that is essentially �imaginary� since it isn't federal reserve currency like cash (which is backed by gold).