Tim Knowles
Aug 14, 2021

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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

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

Responses (3)