Unchained Capital to Bitcoin Critics: Bitcoin is not too Volatile

2019-8-12 11:24

Unchained Capital to Bitcoin Critics: Bitcoin is not too Volatile

One argument that Bitcoin and crypto critics have used against the industry is that they are too volatile to be useful both as a currency and as a store of value. However, Unchained Capital has come up to argue against this popular idea. In a publication titled “Bitcoin Is Not Too Volatile”, the blockchain financial services company listed a number of reasons why Bitcoin can be considered a very good store of value despite its volatility.

The article stated that Bitcoin’s volatile nature is one of the characteristics that distinguish it from conventional money and has only increased users’ faith in cryptocurrency.

“People that store wealth in bitcoin are forced to think through first principles in order to understand characteristics of bitcoin which otherwise seem, on the surface, to contradict an establishment view of money, which ultimately hardens convictions. Bitcoin volatility is one of these oft-criticized characteristics,”

Increasing Adoption Despite Volatility

Bitcoin has seen a rather dramatic price increase in 2019 and also throughout its existence. While critics still blame market manipulators and whales pumping price to dump later, Unchained Capital says Bitcoin’s relatively low supply and increasing adoption is directly responsible for the price increase.

For instance, Bitcoin circulating supply has stabilized long ago and no further significant supply is coming. At the same time, there is increasing adoption with the figure growing 12 times between 2016 and now. The value, however, keeps soaring because of these two factors playing together.

Volatility Not A Good Measure Of A Store Of Value

Those who consider gold to be a better store of value actually do so because they believe Bitcoin’s volatility disqualifies it from being a suitable store of value. Unchained Capital, however, argues that volatility does not make any asset an ineffective store of value, citing an example with the U.S Dollar which does not seem volatile but is a bad store of value as it has lost its value consistently for decades.

Despite the volatility issue with cryptocurrencies, their popularity keeps soaring with each passing day.

Just recently, China which is known to put up the most resistance announced it will be launching its own government-issued national digital currency. Other key leaders have expressed optimism that Bitcoin has a bright future despite the volatility.

The post Unchained Capital to Bitcoin Critics: Bitcoin is not too Volatile appeared first on ZyCrypto.

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bitcoin volatile → Результатов: 126


Bitcoin isn’t getting less volatile, and that’s a massive problem – a Report

Bitcoin was 26X more volatile on a weekly basis than the euro in 2022, up from 19X in 2021 and 16X in 2020 Key Takeaways     There is a perception that Bitcoin’s volatility is coming down, however the data fails to back this up Bitcoin’s volatility fell until 2015, but it has not improved […] The post Bitcoin isn’t getting less volatile, and that’s a massive problem – a Report appeared first on CoinJournal.

2023-2-14 17:36


Фото:

I’ve noticed something fascinating about Bitcoin, the revolution in currency that is taking place across our planet: Those who have always lived in safety, in countries that function…don’t seem to get it.

If You Don’t Appreciate Bitcoin, It Might Be Your PrivilegeNever thought I’d use the word “privilege”, but here we are. As if their upward mobility was a misstep and they should have stayed poor. Or they get it, but they think that criticizing governments is volatile and immature. Comfortable people have lots of sympathy for

2018-7-5 16:34


Фото:

‘Crypto Virgins’ Are Driving The Price Of Bitcoin

Very recently, news has found that stablecoin, Tether, has been accused of being used to manipulate the price of Bitcoin. You can see our coverage of this story, here- https://cryptodaily. co. uk/2018/06/new-reports-find-that-tether-is-being-used-to-manipulate-bitcoin-price/ We all know that the cryptocurrency markets are volatile and thus, we all know that lots of influencing factors can change the price of Bitcoin, be that political, traditional-financial or indeed, crypto-financial.

2018-6-26 13:30