Commentary In 2009, bitcoin, the world’s first decentralized digital currency was created. Designed to replace the U.S. dollar, the global reserve currency, bitcoin has become a sort of Rorschach test for humanity. Some have compared it to rat poison; meanwhile, other people, like Eric Adams, the crypto-friendly mayor of New York City, are firm believers. Similarly, Jack Dorsey, the founder of Twitter, considers bitcoin a form of digital gold. Dorsey is such a firm believer in bitcoin’s potential, and he thinks it’s only a matter of time before the world’s most popular cryptocurrency replaces the U.S. dollar. He’s wrong. It won’t. Bitcoin is inherently volatile. Its value fluctuates wildly. Moreover, until everyday people living in relatively stable countries can use the “currency” to buy everyday items, Bitcoin will remain more of a plaything for the millionaires and billionaires of the world. Right now, bitcoin is little more than a speculative asset, …