Why Blockchain’s Math Doesn’t Translate Into Financial Stability

Through the lenses of economics, monetary history, and quantitative finance, this paper analyzes Bitcoin. Bitcoin isn't a real currency, safe haven, inflation hedge, or store of wealth, despite its hype. As an alternative, it continues to be a brittle speculative asset with high energy expenses and systemic dangers. Although blockchain technology exhibits mathematical elegance, Bitcoin's use of it exposes inefficiencies, mistrust, and unsustainable mining economics. Ultimately, when examined from an economic perspective, Bitcoin's claims of financial security, freedom from governmental interference, and long-term value fall apart.