This is a bad news, it is as bad as it gets. Bitcoin is not a commodity, bitcoin is a currency.

Commodity means people will see bitcoin something like gold or silver whereas bitcoin is more like dollar or euro. People should not see bitcoin as something you can use for investment and make money, it is something you can use to actually spend and get a cup of coffee.

Haven't we all seen places like grocery store or coffee shop or whatever that accepts bitcoin? We have seen that, can you pay your coffee with gold? Does expedia takes gold for your hotel bookings ? No.

They take bitcoin and they take fiat. Bitcoin is not a commodity, it is a currency.