So true. People struggle to part with their sats due to the capital appreciation potential
Discussion
For short term cost horizons, the volatility of BTC is unknown, so fiat remains workable (or a stable coin)
How do you calculate short term volatility & opportunity cost?
I don't.
It doesn't matter for a coffee.
For a one off coffee sure. It doesn’t matter at all
But I am confused. Whilst I agree that owning literally anything else as well as Bitcoin, means to some degree you could be longer Bitcoin, a house, a car, gold, could all be sold for more btc
But to say the opportunity cost of using only bitcoin, instead of a less volatile asset (in purchasing power) short term eg eur, usd, aud, gbp, is exactly the same… how do you calc that?
From where I am sitting its not even possible to know what the opportunity cost is, given the unknown trajectory of Bitcoin, let alone say it’s the same