Both. Since here in our country, using Bitcoin for such payments-especially locally is not that so popular, so most of the uses of my Bitcoins are in online services or products such as online shopping (but this is not directly Bitcoin, It's just swapping your Bitcoin to our fiat and mark as paid the order directly).
Speaking of investment, somewhat like that too. Since I hodl most of my Bitcoin from 2017 and plan to hodl it for the long term.