BTC bros are some of the most optimistic, dumbest people on the planet. "It's gone up a lot" is their only argument as to why it's worthwhile.

All these comments and there are still no good answers to these questions: 1. How will it survive the government trying to shut it down? Historically speaking, governments don't take kindly to alternative forms of money. A coordinated effort between the G7 countries to squash BTC would, IMO, absolutely kill the price. Why would the powers that be ever allow something like BTC to be mainstream and lose so much power / control? 2. Just because the volatility is reducing in terms of percentages doesn't mean it's reducing in terms of whole numbers. Volatility and unpredictability are not what institutional investors and governments seek and something so volatile cannot reasonably be used as collateral. Even most retail investors don't have a stomach for as much volatility as BTC has. How will this be handled? How will the risk-free rate be calculated if BTC is the predominant form of money? Many businesses operate on thin margins and would actually die if they had to weather a 5% decrease. How would the bond markets work with BTC as the main form of money? 3. A small minority of BTC owners own a vast majority of the supply. This means it's very, very easily manipulated. How is this being handled? "The USD has a concentration" is not a valid counterpoint. Something that is decentralized is able to be manipulated by people with a metric fuck ton of $$.