Aug 14, 2021
I got paid, to avoid inflation I turned my dollars into bitcoin except what I need for paying this months bills. A few months later I need some of that money converted back into dollars to pay some unexpected bills but bitcoin had tanked and I got less dollars back than the bitcoin cost. It was not a good hedge against inflation. Dollar inflation is just not that high right now that bitcoin is helpful.
This is a fictional story but the point remains, bitcoin price volatility kills its utility.
TEK