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.
Bitcoin is not used as a currency now because direct payments cannot be made through Bitcoin and small payments require higher fees than bank payments, which is why not everyone is encouraged to use it. However, everyone thinks of Bitcoin as an investment asset. And everyone can profit from it in a good amount, so it is always thought of as an investment asset rather than just a currency. This Bitcoin is a valuable asset like land and real estate and gold.
Why does everyone compare Bitcoin only to land, real estate and gold? This means that Bitcoin is a currency that will never destroy anyone financially, as long as he can hold on to his Bitcoin, he will get a big return from it. Just as the price of land in a country increases when the population of the country increases, similarly the more Bitcoin adoption there is, the more Bitcoin price is increasing. And so far 10% of the people in the whole world have started using Bitcoin and by analyzing them, it is understood how much more Bitcoin price can increase in the future. And that is why I agree with you that Bitcoin is not just a currency, it is an investment asset