Quite the opposite, in fact: the value of crypto tokens is highly volatile, as we have seen over the past few weeks. Indeed, even amid the market turbulence we have experienced recently, Bitcoin is currently around six times more volatile than the S&P 500, and 13 times more so than gold. That naturally makes it less than ideal as a means of payment.
After all, if you’ve got a payment instrument that’s soaring in value, you’ll want to keep it for yourself, and if its value is plummeting, you’ll be hard pressed to find any takers. Bitcoin is inefficient, both economically and environmentally.