Bitcoin’s volatility undermines its suitability as a unit of account

Bitcoin’s volatility undermines its suitability as a unit of account The document only discusses price movements of Bitcoin and its impact on purchasing power, without naming any individuals, institutions, financial flows, or misconduct. It offers no actionable investigative leads. Key insights: Bitcoin price rose from $1,012 to $6,590 between Jan and Nov 2017.; A dishwasher that cost 1 BTC in Jan 2017 would cost 1/6 BTC by Nov 2017.; Deflationary pressure leads to hoarding of Bitcoin.