Exchange currency by definition is exchanged for something that isnt itself.
Discussion
When that something is volatile, engineered to be so, you don't have a viable exchange currency. Duh.
Bitcoin is not volatile, the current human valuation of it is.
1 BTC is always 1 BTC.
How we value it - that changes, and valuing it with a manipulatable currency system is what's creating the noise.
You'll realize it's a standard, tied to energy/physics unit of account - and is the most stable a money can be.
Lack of supply volatility guarantees price volatility.
Because it can't adjust to offset fluctuations in market demand.
Grok?