Here is the third installation of the Gradually, Then Suddenly series of articles by Parker Lewis. If you haven’t read the first and second offerings yet, be sure to do so–these articles are really fantastic.
I used to say that the Bitcoin price is volatile, but as a long-term asset (notwithstanding poor key management) it is not risky. In fact, when properly allocated, Bitcoin provides an investment portfolio with better risk-adjusted returns, or better returns with less risk.
Here Parker argues Bitcoin is not too volatile. Its volatility is completely normal for such a naturally arising monetary good at this stage in its evolution (store of value), and that Bitcoin’s volatility is necessary and beneficial to the circular feedback loop that drives adoption and monetization. Enjoy!