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#Volatility is movement… it is a critical sign of life.

Lack of volatility is death.

Investors who fear volatility can never succeed and generally hold portfolios of dead (or dying) assets.

They wonder why they are slowly getting poorer.

#Risk only equals volatility in academia.

In practice (that is, in the real world), true financial risk is the chance of losing your purchasing power over time and space.

The volatility of #Bitcoin is a feature and not a bug… it is a powerful sign of life.

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Sliver 1y ago

Doc, what have you read that helps influence your views? I’ve been through all the BTC work + Mises, Rothbard, and Hoppe. Always looking for more ways to understand the world.

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