Bitcoin was not created to be an investment, Satoshi never mentioned that when he created Bitcoin. We are the ones who turned and used bitcoin as a profitable investment instead of using it for its original purpose but I agree that: if bitcoin was only used as a currency and did not increase in price, perhaps not many people would need it and it would not be as popular as it is now.
So far, El Salvador is the only country that considers bitcoin a legal currency.
So far, El Salvador is the only country that considers bitcoin a legal currency.
Blame the mainstream media for spreading the "store of value" propaganda to the people. Now everyone believes Bitcoin is some sort of Gold alternative or "get rich quick" scheme. Besides, there's the issue of market price volatility. How can anyone use BTC as a currency this way? Unless you don't care about Bitcoin's value in Fiat terms. Then there's the issue of limited transaction capacity, which results in high network fees and slow confirmation times.
Because of this, I'm afraid BTC will remain a store of value forever. Still, it's a free (as in freedom) currency. You can use it any way you wish. Hopefully, Bitcoin replaces Fiat in the future. I mean, that's the dream. Right?
