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?
I think it is more ideal to use crypto as an investment rather than a substitution to fiat. The volatility of crypto is way more higher compared to fiat that's why we should not demand having crypto as our mode of payment for everything. Maybe we can let it be a mode of payment for some stores or any other purchasing means but considering it becoming our currency completely, I don't think so. We may just end up having chaos and misunderstandings if that would actually happen.