Saifedean Ammous: Bitcoin volatility will decline as the asset matures
- —Ammous: simply holding bitcoin already counts as using it as money
- —White: bitcoin's fixed supply makes it too volatile for payments
- —Ammous: stablecoins are a new form of fiat, their volumes don't prove the need for elastic supply
- —Fidelity, JPMorgan and Charles Schwab data show long-term decline in BTC volatility
Why it matters: The declining-volatility thesis strengthens the case for bitcoin as a savings asset for institutional investors.
Source: ForkLog