Bitcoin was made for this moment. So why isn't it booming?

economictimes.indiatimes.com:

Bitcoin buffs who were questioned by skeptics about the value of the cryptocurrency would respond by saying: Just wait. Wait until inflation hits, and people look to park their savings in a stable digital asset that won't lose its value. Wait until war breaks out, and authoritarians start seizing assets and imposing capital controls on their citizens. Wait until big banks and tech companies start censoring dissidents for their political views. Then you'll see why we need a stateless, decentralized, anonymous digital currency. More than most cryptocurrencies, Bitcoin was seen by many of its libertarian-leaning fans as a kind of doomsday insurance, a form of «digital gold, that would be a source of stability as the world grew more chaotic and unpredictable.

Did you Know?

You can earn interest like bank savings account on your Bitcoin wallet

Well, chaos is here. In the United States, inflation is rising at the fastest pace in decades, and the VIX — the so-called fear index used by Wall Street to measure expected volatility in the stock market — has risen more than 80% this year. Last month, Canada's government responded to the threat of a protest convoy of anti-vaccine truckers by threatening to freeze their bank accounts, drawing calls for a type of money that isn't subject to government seizures. Russia's invasion of Ukraine was met with brutal sanctions that have tanked the ruble and devastated the Russian economy, and many U.S. companies have pulled out of Russia, making it nearly impossible for its citizens to access their bank accounts, use credit cards or even post on social media. In other words, this is a perfect storm of economic and geopolitical events that should, theoretically, be