Is bitcoin suitable for payments?

In recent years, the popularity of Bitcoin has skyrocketed, with many enthusiasts claiming it as the future of payments. However, the question remains: is Bitcoin truly suitable for payments? On the one hand, Bitcoin offers a decentralized, secure, and borderless payment system that can potentially revolutionize the way we transact. It eliminates the need for middlemen, reducing transaction costs and providing faster settlements. Additionally, its limited supply and scarcity value have made it a valuable asset. However, there are also several challenges. Bitcoin's volatile price can make it unsuitable for daily payments, as its value can fluctuate significantly. Moreover, the transaction fees on the Bitcoin network have increased significantly in recent years, making small payments uneconomical. Furthermore, the scalability issues of the Bitcoin network have led to congestion and delays in transactions. Given these considerations, what are your thoughts on the suitability of Bitcoin for payments?