Lately I have been thinking……..what do people nowadays consider bitcoin to be: as a digital asset for storing value and investment or as a currency which was the initial purpose of its creation.
I did a bit research and found out that the perception of bitcoin vary among different individuals.some consider bitcoin as an investment asset, other consider it as a currency and some people consider it as a revolutionary financial tool.
The majority of people consider bitcoin as an investment asset and they Hodl their coins for a long run. The other who consider it a currency keep it for their transactions and some business also accept Bitcoin as a means of payment.
Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?
Bitcoin was originally created as an alternative currency, allowing anyone to use it for any purpose. However, over time, the using of Bitcoin has grown, not only as an alternative transaction tool, but also as an investment tool that can maintain the value of money in the long term, or even increase its value in the long term. Personally, I consider Bitcoin currently widely used as a very profitable investment tool if held, and this is not just for individuals, like companies, institutions, and countries also use Bitcoin as a store of value or strategic reserve. Well, besides that, I think people will actually choose Bitcoin as their entire investment one day, and I believe the main reason is "Bitcoin as legal tender" , when that happens (especially in my country), I am sure many people will transfer their fiat funds to Bitcoin, rather than holding them as fiat.