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

Lai Tran June 13, 2019 0 Comments

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. 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,

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Source: Bitcoin CNN