Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
For me it's both. It is bothe because sometimes in my country they pay it for their electricity bills, dailly expenses, even payment for water bills, sss, mobile credit . And some they are keeping it or holding it for future purposes or their investment. I Said they, I didn't include my self yey because I am new and I didn't earn yet but i am almost there. And i will do the same when I have bitcoin on mu wallet.
Its good to know that bitcoin is already adopted into your country which you can able to make use of it on paying up some necessities which is great and i hope this thing would be available into my country soon. Bitcoin can really be treated either both ways.It depends on how people do see on it. Most people will surely see this as a currency but on virtual thing which is actually its purpose though.