#027 The big volatility dip
Bitcoin bear markets are forecast to be a lot smaller. I explain why in my latest newsletter
Nouriel Roubini, Robert Shiller, Larry Summers, James Chanos, Warren Buffett, Jamie Dimon and Paul Krugman to name a few have all cited volatility as evidence that Bitcoin is neither a good store of value, or medium of exchange.
While these arguments are at best uninformed (Bitcoin’s 200-week moving average is a continuous and pronounced upwards slope, making Bitcoin the best store of value of any asset class), that is also not the point. Rightly or wrongly, and most Bitcoiners would say the latter, these economists and investors are highly regarded in TradFi. However, as volatility weakens, so do critics’ arguments against Bitcoin, which in turn weakens a key barrier to Bitcoin adoption.
