Holding bitcoin is the exact opposite of speculation. A trade can be called speculative when the incentives for buying and selling is merely based on market sentiment. You hope to sell the product for profit despite the fact that it did not accrue any intrinsic value for society over the holding period.Holding of money does not have this downside, rather the opposite is true. By holding money you invest in the economy as a whole. Every time you choose to retain money you decrease the available amount in circulation…This leads to the increase of purchasing power per unit of that money. The result is that prices fall and all participants in that economy become wealthier. By holding Bitcoin the price per unit increases. The more people hold Bitcoin in the long run, the more volatility drops towards a gradual increase in price. This convergence towards a stable increase in price makes Bitcoin more attractive to new audiences, creating a feedback loop.” — Willem_VdBergh

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