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It is worse as escape money in direct tandem to falling purchasing power. A bitcoin that commands markedly less goods, is a worse asset to escape w basically
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But @Scoresby explicitly said, what if Bitcoin had no price volatility? So my point was that Bitcoin has a reason for existing even without any expectation of increasing purchasing power.
I agree, the current volatility makes it less useful as an escape asset, but weren't you the one who posted some quote about how you can't use Bitcoin price patterns under a fiat standard as an appropriate inference to how it might behave under an alternative standard?
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I would still hold some bitcoin. I can't think of a better "escape" asset. I also always wonder what Weimar Germany would have been like if they had a bitcoin option during their hyper inflation.
I also want more places to accept bitcoin as payment. It is faster cheaper and more convenient than fiat. But maybe a bit less safe because there's no recourse if you make a mistake