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?
There is no connection with bitcoin and flat, so why the flat would lose its value. It is true that bitcoin is a very volatile currency, but it has more advantages than disadvantages so we have to keep that in mind.
It seems that the governments of most countries do not take Bitcoin seriously. Probably, I am wrong but they are sure that virtual currency with great volatility cannot be used as money. Once, it will happen.