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?
Crypto is both an asset and a currency. Just like any other fiat, you can use it to transact and at the same time trade to other currency such as your local currency to USD or EUR and hold it as investment. I personally do not see a problem on that. It is more of an advantage for crypto to be fully useful.
Most of the people used it for investment purpose but the truth is that it is a currency and it was invested to be used as a currency for all of the online dealings but as the price of bitcoin is increasing very faster and the investors and traders are earning a high income when they invest in it so they take it also as asset for their investment. So for the time when it will give profit, it will also be used as asset along with the use of it as a currency.