The volatility of #Bitcoin smooths as adoption increases.
And a longer time horizon reveals an ever-upward trend.
Chart source Look Into Bitcoin: https://www.lookintobitcoin.com/charts/bitcoin-rainbow-chart/ 
Discussion
I think market manipulations impacted the volatility this last cycle. “Bitcoin is less volatile” isn’t how bitcoiners should position bitcoin…we should look at bitcoin’s Sharpe Ratio (volatility-adjusted returns) over a 4-year (more accurately a 210k block) epoch.
Willy Woo had a good chart on this but it hasn’t been auto updating for awhile now.
Bitcoin’s price volatility is a good thing: Marketplace price discovery in action 💪
Weak hands vs strong hands.
Volatility smooths with adoption.
Volatility can still smooth out as price starts to steepen upwards. Decreasing volatility doesn’t always mean sideways price action. That rainbow chart will fracture north along with the power law time model. 