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Widely-followed on-chain data analyst Willy Woo says that Bitcoin will see a time where it’s less volatile than fiat money.
In a series of tweets, the prominent crypto trader counters the argument that Bitcoin is too volatile to be used as money or a stable unit of account.
Woo compares the gradual decrease in Bitcoin’s volatility as it experiences widespread adoption to the volatility of the EUR/USD pair. He forecasts that within a decade and a half, BTC will be at the same level of volatility as the euro-dollar pair.
“‘Bitcoin is too volatile to be money.’
In reality, BTC’s peak volatility is on track to drop below fiat volatility (EURUSD) in 13 years, roughly when its adoption base equals that of the Internet.”
