Bitcoin and Magic Bubbles

Bubbles pop. And while markets may recover, bubbles certainly do not re-inflate themselves again and again. If Bitcoin is a bubble, it’s a magic bubble. Something that exists in an entirely new category unlike any other bubble we’ve ever seen before.

Bitcoin is Extremely Volatile. And that’s Completely Normal.

The argument that Bitcoin is too volatile is a tired argument. Do yourself a favour and take a step back. Bitcoin, a world first that was invented just over a decade ago, is being priced in a currency with more than a century of governance behind it. Which one of those two would you expect to be more volatile?