People also conflate the success of bitcoin as a digital currency with the success of bitcoin as a speculative investment. To be a currency would require it to have some stability and usability, Taleb said.

Source: ‘Black Swan’ author Nassim Taleb says bitcoin is worth zero

Imagine if the price of groceries varied by 10% to 25% each week. That is what would happen if the value of the dollar fluctuated wildly, like bitcoin does.

This is why I do not see bitcoin effective as a currency.

There is great merit to applications of the underlying blockchain algorithms, and there is also usefulness for digital assets – but it is not suitable as a currency, for now.

By EdwardM