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.
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: