I dont consider commodities as investment without any yield there is no deployment of capital in a working business or a return on revenue from that involvement.   Buying commodities is usually speculation and it has a cost to it usually with some decay factor, its an old trade done for centuries as farmers sell their crops ahead of harvest and other ideas to raise cash.    Its a natural thing to trade but I separate speculation from investment, the reason gold is not higher is this lack of yield I think and probably it will adjust for inflation but only over many years maybe a decade.
   BTC is far more liquid but also imo a commodity, global security commodity perhaps but there is no natural yield on that so thas why I come to that conclusion, and it also matches the volatility we see as holding is less favored then other investments.   I only state this so we can better understand the nature of what we trade and these cycles or season to BTC price action.