Kind of, if it is widely accepted as a medium of exchange I would count crypto as money. The irony is that the only crypto that is money is stablecoins. There is RAI but the Terra Luna incident made me sceptical of algorithmic stablecoins. If RAI survives the ETH crash, which it so far does, I am looking forward to the next generation of algorithmic stablecoins. Who knows, maybe it is actually possible to do what the central banks of the euro and dollar do in a smart contract and suddenly Milton Friedman's dream of replacing the central bank with a computer comes true. Yet at the same time it crushes the idea that Bitcoin or Ethereum will ever amount to anything more than a digital collectible.

I personally am interested in a currency that does price level targeting but I have my doubts that it would work with a cryptocurrency because the oracle that collects the CPI is going to be centralised.

I will admit getting the CPI right is easier than getting central bank policy right.