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.
The history of Gold, Silver and other assets nearly follows the history of human existence. It's very wrong to compare metals to bitcoin because the only exists and is mined in real world and another one exists and is mined in virtual world. You compare two universe with two currencies to each other. All the humans exist in real world while only the 63 percent of population has access to internet. Almost 3 billion people don't have access to internet and day to day some of them join the virtual world, this 3 billion can be a game changer too in aspect of user experience and much more. 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.
Also, I don't think that gold is stable. Have a look at this Statista Chart. You can clearly see that it was $612 in 1980 $271 in 2001. Then you can see how it slowly jumps from this point to $1668 in 2012 and then falls to 1160 in 2015. This is not stability to my mind. Also, you should always keep in mind that every year because of inflation, USD purchasing value gets weaker and weaker.
Bitcoin is too young to mature, it's just way too young. We only had 3 halving so far and do you really expect stability from this coin?