Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
Right now bitcoin can not be currency for payment because not many merchant accept it and government dont have regulation on bitcoin. I think in the future when technology more advance, bitcoin can be as payment because with crypto we can more safely to store our asset
Here the actual problem ... Even when there's a merchant adopt Bitcoin as payment processor , there's a greedy government come to end the growth by making regulation to ban any crypto activity , that's really unfortunate and it's happening right now , you can see that kind case mostly in Asia zone , I've followed up it.
A slow adoption with a lot of challenge makes a lot of people switch it for a while to recognize Bitcoin as an investment, nothing wrong here.