I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
Most of the people are using bitcoin as an asset rather than currency because it makes them profit and greater returns and as for currency many peoples avoid it to use it as there is very high transaction fees so many people can't afford to pay high transaction fees.