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?
Most folk thoughts on Bitcoin are valuable. Not everyone's opinions will register in the same direction but one thing that is most important to keep mind about is to continue accumulating regularly. The research you have done shows that people should be more inclined towards long term investments. The mental readiness to accumulate Bitcoin to create more wealth among investors can make it a store of value. Citizens of countries that have adopted Bitcoin may consider this asset as a means of exchange in addition to saving and holding. And citizens of countries whose governments take a middle ground and rely on the will of their citizens may be more focused on storing and holding Bitcoin.
I initially considered Bitcoin as a currency, then as a means of investment when I started accumulating and now at the stage I am, I prefer to consider Bitcoin as a store of value because I clearly understand that the price of Bitcoin could skyrocket in the future due to the limited supply, so I continue to save continuously to increase my holdings over time.