Unless Bitcoin becomes heavily manipulated or human nature changes, a new monetary asset that regularly grows in both popularity and usefulness will always be volatile.

To complain that nobody will use Bitcoin because it’s volatile is to say

> “Bitcoin’s adoption rate is so astonishingly fast that it will never be popular!“

If Bitcoin were _less_ volatile, would it have an even _more_ rapid adoption rate?

Bitcoin’s price has to go up as more people start using it, and if a _lot_ of new people start using it, then it has to go up _fast_ (that is, be volatile).

Unlike everything else, a higher price for Bitcoin does **not** reduce its utility - you just trade with smaller amounts.

In fact, a higher price makes it **more useful** because more people want to use it.

There is no reason to think that Bitcoin will stabilize in terms of other currencies. Once Bitcoin starts killing the other currencies, it will still be volatile, which will still indicate its success.

-- an excerpt from the 2-minute version of I Love Bitcoin's Volatility (2014) accessible here https://www.2minutebitcoin.org/blog/i-love-bitcoins-volatility