When buying crypcurrency, Buffett said, "You do not invest when you do it. You are speculating. There is nothing wrong with that. If you want to bet others will come and pay more money in the near future, it's a kind of game. But that is not investment. " Are we participating in a game?
We have all different opinion on what term we should call about it. Yeah you can call it us participating in a game.
I can also call it gambling because i gamble or risk my money from it without a sure guarantee that i will win or gain from it.
Also i can also call it investment because i allocate my own money with an expectation that i will achieve profits or benefits from it in the future.
Wiki definition about gambling and investment
https://en.wikipedia.org/wiki/Gamblinghttps://en.wikipedia.org/wiki/Investment