Bitcoin is a digital currency based on crypto and blockchain using "peer-to-peer" and decentralized transactions. Bitcoin was first introduced in 2009 and began to gain wide acceptance since the beginning of 2017 until now. Acceptance of Bitcoin as a currency or asset is a controversial topic among financial authorities, Shariah scholars, economic and financial experts and the general public. From a Shariah point of view, the position of Bitcoin as a legal currency is also an issue of debate. From an economic point of view, various aspects of risk, value stability, and abuse as a medium of crime are also often discussed. Many countries have yet to implement specific official laws to control and supervise Bitcoin transactions and usage. This study aims to analyze the position of Bitcoin mainly from two main perspectives, which are economics and Shariah, and to propose the appropriate form of regulation for the authorities, users and the public from both viewpoints. In order to achieve the objectives of this qualitative study, the researcher conducted interviews with six (6) economic experts, six (6) Shariah experts and five (5) Bitcoin users to obtain direct views and information. The interview results were analyzed qualitatively in thematic and comparative approaches. From an economic point of view, this study found that there are various risks for Bitcoin such as regulatory and legal ambiguity, a high risk of value stability due to its position outside the authority of the law, and it is not recognized by most countries and has the potential to become a criminal medium. From the Shariah point of view, Bitcoin has not met the criteria of money (nuqud) or price (thaman) from the viewpoint of fiqh. Hence, it does not have the same status as the currency issued by the official monetary institution of a country. This also leads to the view that Bitcoin is not a zakawi asset (which zakah must be paid) due to its abstract nature and the way it was created which does not coincide with Shariah principles. Although there are various views regarding the position of Bitcoin from economic and Shariah points of views, the researcher opts the view that Bitcoin is still not really legitimate to use as a currency, commodity or asset because it contains elements of gharar (ambiguity and uncertainty), darar (harm) and qimar (gambling) and does not meet the property requirements according to the Shariah perspective.