Naysayers always complain:

> “Bitcoin is too volatile! Nobody will ever use something so volatile!”

That’s superficial and short-sighted.

***Volatility is not a property inherent in Bitcoin itself***.

It is caused by the way people treat the asset - a function of people’s attitudes and behaviors. 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).

-- 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