Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?
Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.
Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.
I think the main reason of volatility in Bitcoin price is market cap which is still far low when we compare it with stocks and commodity markets and this is why any whale can shake its market easily. The other reason which puts its investors at high risk is negative news in the media like hacking of exchanges/wallets and rumors of selling by major investors . The governments all over the world are trying to bring Bitcoin under their control so that people don't get into huge risks and troubles.
https://codecondo.com/bitcoin-reasons-why-its-price-is-so-unstable/#:~:text=One%20major%20reason%20why%20bitcoin%20price%20is%20not,that%20you%20can%20manage%20as%20per%20your%20profits.