The volatility of Bitcoin is a result of its early stage of adoption and limited liquidity from "summary" of The Bitcoin Standard by Saifedean Ammous
The volatility of Bitcoin can be attributed to its early stage of adoption and limited liquidity. In the early days of any new technology or asset, there tends to be a high degree of uncertainty and speculation, leading to sharp price fluctuations. Bitcoin is no exception to this rule. As a relatively new form of currency and store of value, Bitcoin has yet to reach widespread acceptance and mainstream adoption. This lack of adoption means that the market for Bitcoin is relatively small compared to traditional assets like stocks...Similar Posts
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