NewsDialy
Bitcoin's inability to function as money is not a diagnosis triggered by recent price weakness — it predates the decline, and the cryptocurrency's own design is the indictment.
The fixed-supply architecture of $BTC, long celebrated by advocates as its greatest virtue, simultaneously challenges two major schools of economic thought: monetarism and Austrian economics.
Fixed Supply: The Feature That Became the Flaw Monetarism holds that a predictable, managed expansion of the money supply underpins economic stability.
Austrian economics, the school most frequently cited by Bitcoin proponents, champions hard money — currency whose scarcity is determined by nature or code rather than government discretion.
Keep reading