[dcow]

No! Bitcoin is a currency not a commodity. There is plenty of value in using it on those merits and that value increases the currency proliferates.

[radiusvector]

The "currency" use-case has not proliferated or reached adoption at a scale (by any measure) that would make it a worthy medium of exchange, which fundamentally is the definition of a currency.

[dcow]

The paper precisely argues that the proliferation of BTC as a currency is a factor in their assertion about the value.