People always say Bitcoin is too volatile to be a currency. But maybe that's missing the point it's not meant to replace your checking account. It's a store of value that happens to be transferable.
The volatility comes from price discovery. As adoption grows, volatility tends to decrease. We've already seen that over the years.
Curious how others here think about this. Do you see Bitcoin more as digital gold or something else?
Is Bitcoin's volatility actually a feature, not a bug?
byu/Eastern-Access-7555 inbtc
Posted by Eastern-Access-7555
2 Comments
I hold BTC but also use it in DeFi on other chains.
It’s volatile basically because people still need time to build trust on it. Frequent buy and sell made it volatile coz people gamble with it instead of normal trading. As long as lacking trust, it will always be volatile.