The main purpose of bitcoin is as a currency for those who got problem when using fiat. But, time by time, bitcoin has been used by more people and it causes the price become fluctuating, thats why people take advantage of it as an investment.
Agree, because bitcoin is limited and the users is grow recently(although it's still need mass adoption), so the price is fluctuating, but not always going up, bitcoin situation is susceptible, if the price is down many people too panic and make a sell wall, so the price down and the whales participate in it.
Also people take a bitcoin as investment too. So bitcoin can be both.