I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
Agreed. Currently, BTC trades more like a commodity rather than a currency. What drives commodity prices? Production cost. What drive BTC price? Electricity and mining Costs? Right now the hardware producers are probably the bulk of the product sales in BTC or BCC in the world. As they hold and don't sell (look at the volumes in their BCT and BCC wallets = 10's and 100's of millions of dollars worth) supply drops, as supply drops demand goes up.
My thought is that BTC will trade like a commodity until mining hash power is not needed anymore. So wait until the very last block is mined (if the BTC devs let it get there). Then it will start trading more like a currency.