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?
We both know that Bitcoin is a digital currency and so investing in bitcoin makes it more reliable, than any other currency, every individual has his own reason for adopting bitcoin either as a form of investment or digital currency, therefore Bitcoin has not shifted from it's purpose, it was also created to be a long-term investment purpose not for short term, but a lot of persons now sees it as a short term which they are now trading with it for a short term which is not suppose to be .
Using Bitcoin as a means of digital currency for the purpose of business and other online transactions to purchase whatever you want without the involvement of traditional system of banking remains the best for every bitcoin holder, therefore we see bitcoin as our savior in our financial struggle irrespective for and how you use it and what is being used for