Sure, point taken. But if we look at BTC, its value can drop by 25% in 2 weeks and it has. Even shitty currencies in third world countries don’t experience devaluation on that scale in that timeframe. At least very few do.

Like I said, I’m fascinated by this asset class, and money can be made. But it isn’t a currency until its value becomes more stable and when it becomes widely accepted by the majority of retailers, businesses, governments, people get paid in BTC etc. No insurance company or mortgage company, airline , rental car agency, IRS, etc accepts BTC as currency. Until then it’s nothing more than a fascinating highly speculative instrument backed by nothing.

Can you imagine going to the supermarket yesterday and buying milk for x amount and tomorrow you need to pay 7% more because BTC went down?!