Getzman is convinced that Bitcoin is far from the best means of preserving value, since its value is constantly changing. Depending on the form of the question, Bitcoin volatility can be both the most valuable asset and the worst enemy. Nonetheless, the argument against Bitcoin as a repository of value will surely excite many in the community. Especially this concerns Bitcoin maximalists, who have long been de facto recognized by him as “digital gold”.
As a rule, such people argue that all other currency characteristics, including usability, are secondary. And most importantly, the function of cryptocurrency to preserve value. According to William Getzman, "any currency must perform at least several basic tasks."
It must be a repository of value. A value transfer tool. And given the high volatility of Bitcoin, it is not very suitable for the preservation of value. You can invest 100 dollars in it today, but in a couple of weeks they will turn into 25.
According to the professor, until Bitcoin overcomes this problem, it can’t be called a real currency. However, it is worth noting that Getzman basically speaks of negative fluctuations. When the market goes up, you rarely hear complaints of volatility. Look for more data in cryptocheat.
