Why would a Central Bank hold Bitcoin in reserves? 1. Even assuming that Bitcoin is an inflation hedge - it still doesn't mean that Central Banks should hold it. What would be the purpose of that? Central Banks are not commercial institutions - they hold assets for very specific reasons (e.g. FX rate stabilization). 2. You may have misunderstood me. I said that Bitcoin isn't money - but that by itself doesn't mean that Central Banks shouldn't hold it. FIAT currencies aren't money either. Neither are government bonds. BUT - those bonds or currencies generally don't crash >50% on cycle tops. So it's the fact that it's not money, combined with the other points I mentioned here and in the article that i linked 3. Kaspa isn't money. It certainly hasn't been long enough to be classified as money, nor it has enough intrinsic value. It carries the same set of technology risks as other cryptocurrencies- and even without looking at the chart - I can tell you that it's correlated to the rest of the crypto market. I am a big fan of crypto, but we need to keep it real 😄 Thousands of accounts on X with large following shill Bitcoin/Crypto non-stop, with little reasoning behind it. They either do it for pay, engagement or a mix of both. You don't have to look far - usually just search for "gold" on their profile and you'll find something like this (see screenshot). If you want to understand how Bitcoin is not gold, it will never be gold, and it will never replace gold - read this article: https://illya.sh/threads/bitcoin-needs-gold-gold-doesnt-need-bitcoin.html