I believe bitcoin is created to be used as a currency, but I don’t think the government is open about that. It’s rare to see shops and stores in my country who accept bitcoin as a payment system. Therefore, it’s not surprising why majority fall on seeing bitcoin as an investment asset, and add to that wherein its value is always on the rise, then hodling bitcoin creates more essence having it as an investment. People resort to fiat when spending, while they continue to save bitcoin.