Bitcoin was created NOT as an asset, we use it as one, it was created to solve a banking problem and create money of freedom that can't be faked and printed. And somehow people are literally forgotten about this whole point of Bitcoin.
Nothing was created as an asset, there no such thing as pure asset, an asset is just something with a highly liquid value.
I created a thread asking people what they think bitcoin will stabilize enough to become a currency for people to use and literally everyone said to me that it's an asset and it will never stabilize. And, don't get me wrong, sounds logical and I agree with that.
But if we treat Bitcoin like this, why are we waiting for the "mass adoption" and want businesses to accept Bitcoin that is not stable in any means to use it as a currency?
Bitcoin will never be as stable as fiat currency, because fiat is being intentionally stabilized by central banks. They participate on foreign exchange markets and dump their own currency if it goes up too fast, or buy it if it falls too fast. This helps them to generally reduce volatility to fractions of percent per day. Obviously it's impossible with Bitcoin and at best we will see volatility levels similar to gold.
So considering all this, it looks like crypto right now is moving to centralization and control over our funds. Bitcoin is just an asset to people and I don't see how everyone can use it as a currency.
That's why I think that bitcoin Ideas are dying.
Bitcoin protocol still follows the core values and there's no sign that it will change. It's the community that became diluted with "investors" instead of "cypherpunks".