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?
yes I think you are right with high volatility cryptocurrency not suitable for use as a currency. I prefer to use for value storage devices and investment tools. rather than as a currency. and I'm sure most crypto users think so too. and now the number of stores or companies that accept bitcoin is also small. even in my country it is not permitted to use bitcoin in payments. so far I have only used bitcoin for investment not as a currency.