I was thinking about Bitcoin as a currency a lot lately and I have some doubts about how currently we see its future.
The problem is, in order for Bitcoin to become a currency everyone will use, it should be stable. I know that you might say that people will still use it because it's not about stability, it's about freedom and technology. I agree with that, but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.
Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.
I know that people say that when Bitcoin will be adopted, it should become stable because there is a limited amount of it, but I don't see how it's gonna happen. From what I see people treat bitcoin as an asset to invest and hold and I can't imagine that will change in the future.
Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
How can bitcoin be stable when this cryptocurrency was launched 14 years ago and has lots of years to fully unleash its potential and become massively adopted, how can this currency become stable? There is no way, it's not an ordinary currency. I think that it's volatility should be a positive side because it is new and innovative with bright future, that means the earlier you adopt it, the more monetary benefits you'll experience. You need bitcoin to become stable years later, when all cryptocurrency will be mined and transaction speed, mining fees and all other things will be settled down. Now, use the advantage of this volatility to benefit yourself.