I think a label like &quot;currency&quot; attempts to oversimply bitcoin. There is obviously a bigger speculative component to it than most currencies. &quot;Investment&quot; may not be an appropriate term either.<p>However, I find value in bitcoin because it is relatively independent of inflation and market cycles. Notably, it seems to have an inverse relationship with oppressive currency controls (e.g. greece, venezuela). I suppose, in that way, you could consider it an investment in personal sovereignty.