pull down to refresh
But @Scoresby explicitly said, what if Bitcoin had no price volatility? So my point was that Bitcoin has a reason for existing even without any expectation of increasing purchasing power.
I agree, the current volatility makes it less useful as an escape asset, but weren't you the one who posted some quote about how you can't use Bitcoin price patterns under a fiat standard as an appropriate inference to how it might behave under an alternative standard?
reply
It is worse as escape money in direct tandem to falling purchasing power. A bitcoin that commands markedly less goods, is a worse asset to escape w basically