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 For short term cost horizons, the volatility of BTC is unknown, so fiat remains workable (or a stable coin) 

How do you calculate short term volatility & opportunity cost? 
 I don't.

It doesn't matter for a coffee. 
 For a one off coffee sure. It doesn’t matter at all 

But I am confused. Whilst I agree that owning literally anything else as well as Bitcoin, means to some degree you could be longer Bitcoin, a house, a car, gold, could all be sold for more btc

But to say the opportunity cost of using only bitcoin, instead of a less volatile asset (in purchasing power) short term eg eur, usd, aud, gbp, is exactly the same… how do you calc that?

From where I am sitting its not even possible to know what the opportunity cost is, given the unknown trajectory of Bitcoin, let alone say it’s the same