I also don’t believe Bitcoin is suitable as currency — I think it’s a commodity that can be traded for goods and services.
the argument about commodity vs currency in bitcoin is a long one without end. but I believe that commodity has intrinsic value by definition so bitcoin can not be that based on this definition.
at some philosophical level
you can call everything commodity and say everything is like the old days when people used silk and salt to tradeThis argument is mostly as meaningless in and of itself as people arguing over this matter are clueless themselves. These two concepts are not mutually exclusive. This argument would be basically along the same lines as someone arguing with someone else over, say, whether something is fuzzy or warm. It can be both. Currency can be made into a commodity and traded as such, though the converse is not always true, i.e. not every commodity can be made into a usable currency. And Bitcoin as a currency does have intrinsic value...
And exactly this value would be traded if Bitcoin should be commoditized