Recently, Bitcoin and Gold proponents have been crashing on which is best suited to be a store of value. Unfortunately, Bitcoin has been on the receiving end due to its wide price fluctuations. But, as it turns out, the volatility aspect will soon be out of the way since Bitcoin is slowly but consistently becoming stable and will match Gold’s volatility within the next 10 years.
Major culprits in Bitcoin’s volatility woes are low liquidity and market cap which at the time of writing stands at $140.7 billion relative to Gold’s at more than $7 trillion. Additionally, unclear regulatory control, fundamental development as well an unequal distribution are to blame for Bitcoin’s volatility.