In an economic sense,
An INVESTMENT is the purchase of goods that are not consumed today but are used in the future to create wealth.
In finance
An INVESTMENT is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
I really don't want to turn these into an economics class but the both definition of what investments are clearly should settle the argument of whether BTC is truly an investment or not.
Well, I'm gonna have to agree with this. Though Bitcoin was originally created as a form of payment, it has become a form of asset due to its supply and demand. With a limited supply, Bitcoin's value has no other way to go but up due to the increasing demand. And so BTC's image as an investment has overshadowed its true purpose as a currency.