will bitcoin continue to be like gold wherein it was once used as a currency but eventually became just a store of value? or will bitcoin later on go back to its original purpose?
Bitcoin will not lose its original nature of being used as a decentralized medium of performing peer-to-peer transactions neither will it lose being used as a store of value. This is the reason why i am of the opinion that bitcoin is not a digital gold because its potentiality supersedes that of gold. If we say that bitcoin is a digital gold, it sounds like we are giving gold more credit and identifying it as the super asset to bitcoin. We should understand that the creator of bitcoin never had the intention of bitcoin becoming a store of value, Satoshi primarily created bitcoin to be an alternative to fiat after a lot of crisis emanated from monetary transactions. However, the value of bitcoin has grown over the years and people now hold it as a
store of value for future transactions. You see where i underlined, it means that a time will still come when bitcoin will majorly be used for transactions but it doesn't mean that it won't still stand as a store of value, just that the interest to hold might reduce due to low volatility.
