#bitcoin is a speculative financial bet of who can bid it up higher People call it digital #Gold in reality it will never even stand the test of time as gold. You might think that the same fixed supply in Bcoin were true of gold when economies were run on the gold standard. But

But the supply of gold wasn’t fixed. It expanded as people mined more of it. There actually was something of an equilibrium—as economic growth increased the demand for gold, making it more valuable, the rising price encouraged people to mine it, which brought more gold

into the system, keeping the dollar value of gold relatively stable. Between 1800 & 1900, the dollar value of gold gradually rose by small percentages. Bitcoin, by contrast, regularly rises and falls 5 or 10% in a single day, purely because of shifts in speculative sentiment.

That volatility weakens its usefulness as a store of value (one of the other roles of a currency) & makes it unsuitable for use as a day-to-day medium of exchange, since no one wants to accept a currency if it might be worth 10% less a couple of hours from now.

In other words, a financial system run on Bitcoin would have all the bad features of the gold standard and few of the redeeming ones.