Bitcoin Is Not Money, Pimco's Crescenzi Says

The transcript discusses Bitcoin's role in the context of negative interest rates and its potential as a digital currency. It highlights the costs associated with negative rates for banks and the challenges of Bitcoin as an exchange mechanism without a trusted source. The conversation also touches on Bitcoin's comparison to gold as a store of value and the future of digital currencies, including the potential digitization of the US dollar.

What concerns are raised about the volatility of Bitcoin as an exchange mechanism?

What potential future developments regarding digital currency does the text suggest?