i think bitcoin is an asset, a digital asset. the statistical properties of bitcoin, find that it is essentially uncorrelated with traditional asset classes such as stocks, bonds and commodities, both in normal times and in periods of financial turmoil. The analysis of transaction data of bitcoin accounts shows that bitcoins are mainly used as a speculative investment and not as an alternative currency and medium of exchange.
Investors and early adopters like these assets because they are untethered from the regular economy where fiat currencies, more traditional forms of exchange and value transfer reign the day. one of bitcoins advantage is the high volatility, which counterintuitively results in more aggressive risk-reward trade-offs in investment portfolios.