I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
If bitcoin was used as the main form of money around the world then it will not be volatile at all, he is trying to deceive people into making them believe bitcoin is volatile by nature when that is not the case, the huge volatility comes from the fact that only a few million people individuals are using it and most of them are just speculating with the coin.