What is the Bible's view on cryptocurrencies?

Definition and Modern Context of Cryptocurrencies

Cryptocurrencies are digital or virtual currencies secured through cryptography. They operate on decentralized networks (often called blockchains) and allow individuals to exchange value without reliance on traditional banks or government-issued currencies. While Scripture never addresses cryptocurrencies directly—since they are a 21st-century invention—the Bible provides timeless principles that can guide believers in their attitudes and behaviors regarding any type of currency or wealth.

Historical Perspective on Currency in Scripture

Throughout biblical history, various forms of currency were used—ranging from metals like silver and gold (Genesis 13:2) to minted coins (Luke 20:24). In New Testament times, the denarius and other coins were common. Archaeological findings, such as the Tyrian shekels discovered along ancient trade routes, demonstrate how currency served as a tool for acquiring goods and paying taxes (cf. Matthew 22:19–21). Although the medium of exchange has changed, the principles that governed godly conduct regarding wealth still apply.

Confidence in the Bible’s Relevance

Multiple textual discoveries, including the Dead Sea Scrolls, corroborate the consistent transmission of scriptural manuscripts over centuries. These findings, coupled with extensive research on biblical reliability, affirm that the same Scriptures speaking to ancient Israelites and first-century believers continue with integrity to our modern era. This continuity of God’s word, together with archaeological evidence supporting biblical events (e.g., excavations at Jericho, or geological findings consistent with a global Flood narrative), confirms the enduring and applicable nature of Scripture—even when addressing contemporary issues like cryptocurrencies (Isaiah 40:8: “The grass withers and the flowers fall, but the word of our God stands forever”).

Biblical Principles on Wealth and Stewardship

1. Stewardship Before God: Psalm 24:1 states, “The earth is the LORD’s, and the fullness thereof.” Regardless of whether one’s resources are in crypto holdings, precious metals, or national currencies, believers are stewards of God’s creation. First Corinthians 4:2 encourages, “Now it is required of stewards that they be found faithful.”

2. Generosity and Overflowing Grace: Second Corinthians 9:7 underscores that “God loves a cheerful giver.” The Bible calls believers to use their wealth—whatever its form—to serve God’s purposes, including caring for the needy (Proverbs 19:17), supporting ministry work (Philippians 4:15–19), and advancing kingdom initiatives (Matthew 6:33).

3. Honesty and Just Scales: Proverbs 20:23 warns, “Differing weights are detestable to the LORD, and dishonest scales are no good.” Fairness, transparency, and truthfulness remain paramount in any economic transaction. Cryptocurrencies, like all financial instruments, should be used ethically, with honesty that honors God (Colossians 3:9).

Warnings Against Greed and Speculation

1 Timothy 6:10 states, “For the love of money is a root of all kinds of evil.” Cryptocurrencies can be volatile, leading some to chase quick wealth or engage in reckless speculation. Scripture warns us not to set our hearts on uncertain riches (Proverbs 23:4–5), for “riches do not endure forever” (Proverbs 27:24).

Jesus cautioned, “Take heed and beware of all covetousness, for one’s life does not consist in the abundance of his possessions” (Luke 12:15). This counsel applies whether one invests in the stock market, trades commodities, or mines cryptocurrency. The motivation behind acquiring wealth must be examined before God, ensuring we do not become ensnared by greed or consumed by fear.

Trusting God Amid Technological Advances

Technologies come and go, yet God’s nature and commands remain constant. Believers are encouraged to place their trust in God (Proverbs 3:5–6) rather than in new financial instruments or human innovations. Even in the pursuit of legitimate and creative business opportunities, Scripture reminds us that “Unless the LORD builds the house, the builders labor in vain” (Psalm 127:1). Success in cryptocurrency markets is not immune to the providence of God or the biblical call to remain dependent on Him.

Is Cryptocurrency Evil or Neutral?

From a biblical standpoint, no currency form is inherently evil—rather, it is the human heart that can misuse or idolize it. As with gold, silver, or fiat currency, cryptocurrency can serve righteous or unrighteous purposes. In Acts 2:45, believers sold possessions to “share with anyone who was in need,” demonstrating the possibility of honorable financial practices. Conversely, Ananias and Sapphira (Acts 5:1–11) illustrate how deceit in financial matters can lead to spiritual downfall. The moral component rests within the motives and actions of the user.

Practical Wisdom for Believers

• Exercise Caution and Counsel: Proverbs 15:22 says, “Plans fail for lack of counsel, but with many advisers they succeed.” Wise financial decisions often require research, counsel from trusted mentors, and prayerful discernment.

• Avoid Excessive Debt: Romans 13:8 cautions, “Owe no one anything, except to love one another.” Market swings can invite debt or high-risk leverage. Biblical wisdom encourages restraint and the avoidance of burdensome obligations.

• Maintain Integrity in Transactions: Whether one is purchasing cryptocurrencies or using digital wallets, honesty and transparency are essential (2 Corinthians 8:21).

• Balance Investments with Stewardship: Luke 14:28–30 encourages counting the cost. A balanced approach, avoiding extremes of reckless speculation or hoarding, reflects prudent stewardship.

• Seek Kingdom Purpose: Matthew 6:19–20 warns, “Do not store up for yourselves treasures on earth... But store up for yourselves treasures in heaven.” Profits from any source ultimately serve kingdom values of generosity, evangelism, and compassion toward others.

Eternal Perspective and Priority

Scripture’s central concern regarding money is that it never usurp God’s place. Jesus taught in Matthew 6:24, “No one can serve two masters... You cannot serve both God and money.” Whether riches are acquired through cryptocurrency, real estate, or a paycheck, believers are to manage earthly wealth with an eternal mindset—prompted by love for God and the desire to see His name glorified.

Furthermore, the broader biblical witness—from Genesis through Revelation—affirms a Creator and Redeemer who governs all aspects of life. Indications of this divine sovereignty are found in well-documented manuscripts, historical events, and the evidence of design in our world. These same Scriptures teach the reality of Christ’s resurrection, providing the ultimate hope transcending all temporal forms of wealth. Therefore, while cryptocurrency may be a modern vehicle for commerce, it falls under the same scriptural wisdom that has guided God’s people for millennia.

Conclusion

The Bible does not specifically address cryptocurrencies, yet the principles embedded within Scripture apply readily. Believers are to exercise wisdom, stewardship, and generosity, mindful that money—regardless of form—should remain subservient to God’s purposes. A prayerful heart, aligned with God’s Word, will ensure that any currency, ancient or modern, is employed in faithfulness to the Lord who “owns the cattle on a thousand hills” (Psalm 50:10). Our ultimate treasure is in heaven, secured by the resurrection of Christ, giving believers eternal significance beyond the fluctuations of earthly markets.