Its wallets are hackable, it is non-fungible and subject to increasing regulation. Might as well just barter if you need an alternate currency. Bitcoin is a speculative and therefore volatile. Not a good substitute for a serious currency.
All of what you say is true. However, the volatility is only the exchange rate. You can say the dollar is volatile. And it is, generally headed down. Notice that everything priced in dollars is going up. This is another way of saying the dollar is going down.
Biden will tax unrealized gains-- as if it were futures contracts. Fasten your bitcoin belts.
On what planet are the not fungible? Which wallets are hackable? Do you not understand cryptography or information assurance strategies? Of course, many things are hackable, but when we say "hack" we often mean doing retarded things with PII these days. Retards give up their seed phrases for "bigger APYs" and stupid shit all of the time. This isn't evidence of a wallet being "hackable", this is evidence of people being stupid. Finally, regulators are much less competent than innovators. Regulators are the cat and Innovators are the mouse. This is Tom and Jerry and the regulators are buffoons.
(post is archived)