In the long run, fiat currencies face manipulation from many forces including the the U.S. central bank, EU central bank, Japan, China, etc.
Bitcoin’s volatility is due to the excess liquidity and leverage from the fiat system, not Bitcoin itself. This isn’t news to anyone here. “Bitcoin is volatile” is FUD. No fiat is volatile, Credit Suisse is volatile and the contagion spoils everything else.
In the long run it’s impossible for Bitcoin to be as volatile as fiat currencies as a worldwide collective. Bitcoin can’t be more volatile than the manipulator. Who do you think pumps the liquidity needed for number go up? UK or Spain, or Germany will hit 0 before Bitcoin. UK is already 20% there. Bitcoin has been stuck at 20K as the world burns. I rather have Bitcoin stable at 20K through credit crisis, war, and famine than bouncing between 200K and 50K. The only thing close is precious metals and that’s saying something.
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