However, according to Cairns, the New York-based giant is not about to incorporate Bitcoin. Speaking at the Future of Money conference, Cairns criticized the use of BTC for payments due to its long confirmation times.<\/p>\n
She told the audience, \u201cBitcoin doesn\u2019t behave like a payment instrument. It\u2019s too volatile and it takes too long to transact.\u201d<\/em><\/p>\n She added, \u201cSo if you and I went for a cup of coffee, and you know, I decided to pay with bitcoin, our coffee might cost me, I don\u2019t know, 40% more by the time it was served \u2014 and it takes 10 minutes to actually settle the transaction.\u201d<\/em><\/p>\n While she may have exaggerated the volatility, Bitcoin is indeed a volatile currency. In the past 48 hours, its price has ranged from $51,266 to $44,710, a 12% variation. The top crypto is currently trading at $46,907.<\/p>\n Cairns went on to state that she sees Bitcoin as an asset class, drawing comparisons with gold. This comparison has persisted over the years, with Bitcoin becoming known as digital gold.<\/p>\n In a recent report, JPMorgan revealed that Bitcoin is indeed competing with gold as a safe haven asset. This narrative has been largely boosted by companies like MicroStrategy and Tesla which have invested billions of dollars in the crypto.<\/p>\n As per the bank\u2019s report, investors are moving into Bitcoin as a hedge against inflation and an alternative to a depreciating dollar. The bank believes that if it could take over a fraction of gold\u2019s market appeal, Bitcoin could shoot up to $146,000.<\/p>\n![](\"https:\/\/zycrypto.com\/wp-content\/uploads\/2021\/02\/Bitcoin-Doesnt-Behave-Like-A-Payment-Instrument-Says-Mastercards-Vice-Chair-1024x561.png\")
<\/p>\nBitcoin Is a Store of Value, Not a Currency<\/strong><\/h2>\n