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This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

Ben Brown
The bitcoin price is undoubtedly volatile, making it difficult to establish as a true currency. But that's changing as BTC grows more stable. | Source: AFP PHOTO / PHILIPPE LOPEZ

 
By CCN Markets: Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency. 

And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method.

But it’s slowly changing. As more money flows into bitcoin, it’s becoming less volatile. And that means it’s becoming better money.

bitcoin price volatility

Extreme daily bitcoin price movements are much rarer than in the past. | Source: Fernando Nieto

As you can see, the graph shows extreme daily price movements are much less common in 2018 and 2019. BTC is growing more stable.

Bitcoin price swings are “less extreme”

As developer Fernando Nieto, who created the graph, explains: 

Read the full story on CCN.com.