It doesn't seem right that if a family has their money in bitcoin and can afford their rent and bills one week and the next week some western US bank or 'influencer' decides to dump their holdings or cause FUD and cause a 20% drop and then that family cant pay their rent or have enough for all their food shopping the next week right?
The next week Bitcoin could surge by 50-60% and the family can now pay their bills and have a bit of extra for other needs; that's the volatility of Bitcoin and that's what anyone who holds Bitcoin signs up for. Bitcoin can be used for whatever purpose the user wants to depending on their needs, so I cannot rule it out as a currency due to volatility;
• For some buying products online across borders us easier and faster with Bitcoin than with traditional payment methods,
• But, paying for your daily coffee with Bitcoin may not be a good idea.
Bitcoin is not a class war, and no one, besides you, can technically dump your holdings