Bitcoin is a currency going thru the technology adoption cycle. This is a really new thing. The technology adoption cycle-- what the internet and smart phones

Bitcoin is a currency going thru the technology adoption cycle. This is a really new thing. The technology adoption cycle-- what the internet and smart phones went thru-- is when increasingly large waves of population accept the new technology. Bitcoin still has some UI issues and a steep learning curve, and as a new form of money has to overcome massive societal inertia as to "what money is". That said, so long as it is going thru this process, it will operate more as a store of value and speculative investment than as a currency. Bitcoins volatility has been declining over the years, as it gets closer, though it's a long way off. So the currency use case is less dominant now and will be as it is distributed to wider and wider numbers of people. One thing we have to overcome is the idea you deal in "bitcoins".... bitcoin is divisible to 1/100,000,000th of a coin-- a satoshi. When people get in the habit and comfortable with owning partial bitcoins, it will go much wider. There will only be 21 million bitcoins in existence, there are 11 million millionaires in the USA alone. That means that even american millionaires will never be able to own 2 bitcoins.