The Futility of Bitcoin's 'Digital Gold' Vision

A few days back, Bitcoin crossed the $15,000 mark. In just two months it has more than tripled its price, proving that sceptics were naive all the way long. There has also been a decided shift in the perception of Bitcoin: from a revolutionising currency to a store of value. People might still be optimistic about its practical utility, but it’s difficult to treat a currency with such wild movements as…well…a currency. There’s little sense in using Bitcoin to buy things when you can expect it to buy thrice as much in a few weeks more, much less in accepting it when it’s prone to crash, fees are ridiculously high, and verifying transactions takes forever.