Bitcoin: Too Volatile To Be Money?
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In this video, I discuss whether Bitcoin is too volatile to ever become money. I conclude that it is not.
One source of Bitcoin's fiat price volatility is its relatively small market cap, compared to large global assets like gold, stocks, bonds, and real estate. These large assets are like the ocean, while Bitcoin is like the swimming pool whose levels rise and fall markedly when even a small amount of the ocean water enters or leaves the swimming pool.
Bitcoin's volatility has been decreasing over time (taking a similar path to large tech stocks, whose volatility has also gone down over time as their product adoption and market cap have gone up), but its volatility could skyrocket when we reach the final death throes of fiat money.
In Weimar, the end goal of physical gold priced in Papiermark was inevitable, but the actual path was extremely unpredictable and volatile, which precluded the use of leverage or timing the market.
Warning: keep only as much in fiat as you are willing to lose.
Not investment advice! Consult a financial advisor.
Bitcoin's HODL Culture:
https://www.youtube.com/watch?v=78t9s2LrRWE&ab_channel=BitcoinUniversity
Bitcoin volatility chart:
https://bitbo.io/volatility/
When Money Dies:
https://www.goodreads.com/book/show/8567383-when-money-dies
Gold priced in Papiermark:
https://x.com/DylanLeClair_/status/1396518689177063429/photo/1
Fiat money is a melting ice cube:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#fiat
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. Receive SMS online on sms24.me
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