Bitcoin Standard Author Says Bitcoin Will Become Less Volatile and Surpass Gold
(4 hours ago) · 1 source · Summarized by CryptoBipto
Saifedean Ammous, author of 'The Bitcoin Standard,' has stated his view that Bitcoin will eventually become less volatile and grow larger than gold in terms of market capitalization. The comments reflect his long-held thesis about Bitcoin's potential role as a global monetary asset.
WHY IT MATTERS
Gold has been used as a store of value — a way to preserve wealth over long periods — for thousands of years. Some people in the crypto community believe Bitcoin could eventually play a similar role because, like gold, there is a limited supply of it (only 21 million Bitcoin will ever exist). Think of volatility as how wildly the price swings up and down; Bitcoin's price has historically moved much more dramatically than gold's. The author's argument is that as more people and institutions hold Bitcoin, its price swings could calm down, similar to how a small boat rocks more than a large ship. This is one perspective, and whether it plays out remains an open question.
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- cointelegraph.com
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