While I have nothing against BitCoin, what is really interesting to me and speaks to its volatility is that on most market places that accept bitcoin, bitcoin is the only medium of exchange, but due to it's volatility is not the unit of account. Instead, most goods are priced in dollars or Euros as the unit of account and then users have to calculate the price in BitCoin to use as the medium of exchange. It's a pretty unique set up that underpins the challenges facing an extremely volatile asset trying to play currency.
Even if Bitcoin is volatile it is still counted as an asset, like any other volatile assets are out there like stocks and gold. This shouldn't be debated in the first place because even a simple fiat currency is counted as an asset of any person our company. It is the most liquid asset you will ever have as all people accept it (I am talking about Fiat currency).