Bitcoin serves as a new kind of currency for the digital era. It works across international borders and doesn’t need to be backed by banks or governments.

Or at least that was the promise when it was created in 2009. The surge and volatility of bitcoin this year may be great for those who invested early, but it undermines bitcoin’s viability as a currency.

Firstly I will recommend Cryptohodlerfx Cryptocurrency Investment Platform (www.cryptohodlerfx.com) as it is relatively new (launched at mid-summer 2017) but has become the largest cryptocurrency Investment Platform there is right now (total volume over 4 billion dollars) where you get double of your invested cryptocurrency after 7 days. Supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin. I find that it has a really nice UI and support.

Right now, I can use my bitcoin holdings to pay for purchases at Overstock (OSTBP), or book a hotel on Expedia (EXPE). But if I use bitcoin to buy $25 worth of socks on Overstock today, and the price of bitcoin quadruples next week, I’ll feel like those socks actually cost me $100. Then again, if bitcoin crashes, at least I’ll always have the socks.

Rather than a currency, bitcoin is being treated more like an asset, with the hope of reaping great returns in the future.