What's the point of an unstable, volatile, frantically manipulated currency that is susceptible to social media pump and dump schemes (Elon + Doge)?
Currency and its exchange rate needs to be relatively stable for the world to put trust into it. Saying that BTC is stable, but the rest of the world's fiat currency is fluctuating makes no sense.
US dollar provides stability and security, I feel confident that a cappuccino will cost me $4. Crypto's volatility deters me from using it, simply put. There is no buffer that you would have with a Treasury. Converting from BTC to coffee makes BTC exchange rate go down.
Currency and its exchange rate needs to be relatively stable for the world to put trust into it. Saying that BTC is stable, but the rest of the world's fiat currency is fluctuating makes no sense.
US dollar provides stability and security, I feel confident that a cappuccino will cost me $4. Crypto's volatility deters me from using it, simply put. There is no buffer that you would have with a Treasury. Converting from BTC to coffee makes BTC exchange rate go down.