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by espadrine 1515 days ago
> [Bitcoin will have] much more stability [than fiat]

Why would it reach more stability?

Historically, cryptocurrencies have been significantly more volatile, not less. Arguments were made back in 2013[0] that:

> this volatility will decrease as Bitcoin markets and the technology matures

But volatility has remained consistent over the past 10 years[1], seemingly uncorrelated to its adoption, market cap, and coin supply. In the same period, USD was an order of magnitude better[2].

[0]: https://web.archive.org/web/20130916231759/https://bitcoin.o...

[1]: https://vlab.stern.nyu.edu/volatility/VOL.BTCUSD%3AFOREX-R.G...

[2]: https://vlab.stern.nyu.edu/volatility/VOL.DXY%3AFOREX-R.GARC...