[acdha]

And it was $92k just less than 24 hours ago. That’s why it’s bad for currencies because people can’t make meaningful plans more than a few hours out, and it’s terrible for the economy if you incentivize everyone to reduce spending in the hopes that speculators will make you rich later.

Real currencies circulate so the same dollar is spent by many people, benefiting each of them while you’re still holding onto your Bitcoin hoping it’ll reach $110k next. You do not want to live in a country where people are staying out of the local economy.

[the_sleaze_]

But gold fluctuates rapidly at times at well. Not the same volatility but it does fall

[geysersam]

Did you notice most countries don't use gold as their currency?

[kalaksi]

So, same as with bitcoin

[rsynnott]

Yes; gold would also be a bad thing to use as a currency.

[Hamuko]

Which is why I prefer to buy my milk with euros instead.

[genem9]

Debased euros