I hope people don't mind me posting so much \[Molly Rocket\] interviews, but this one I thought had some interesting points.

\[Amaury Sechet\] has some interesting points about Bitcoin volatility:
* As miners get more Bitcoin, they need to exchange it for fiat to cover real-world expenses of office space, rent, etc. This has an effect of driving the price down because there's more demand, so this has an "amplifying effect" in the negative direction
* Conversely, as Bitcoin price goes up miners can hold onto their coins more, choking supply and driving the price up, creating an "amplifying effect" in the other direction

In other words, swings up and down get amplified. \[Sechet\]'s point is that using the Bitcoin as an actual currency has a stabilizing effect to counteract the volatility from the miners.

I don't know if it's true or even how to verify it but, if true, is a good counterpoint to a lot of the critiques of Bitcoin only being used as a store of value or not being used in any meaningful sense.