Your correlations will not be correct as long as you keep comparing cherry-picked convenient points. Use the exact same criteria of that sheet to compare the periods of Sep-Nov-2018 with Sep-Nov-2022 and your conclusion should be that even after 4 years of continued adoption volatility did nothing but to worsen unbearably.

Further, let's be conservative and take only M1 (we should take M3). M1 is currently at 18.000.000.000.000. Bitcoin market cap is currently at 1.362.490.742.418 , which is more than 10 times less. Remember, this is only M1, immediate liquidity. This means that bitcoin still haves room for anywhere between more than a 1000% of volatility all along the path of replacing *that* M1 right now, not taking into account how much it will increase in the future.

Nah. Download the daily (or even monthly) data and run some analysis on it. Volatility has decreased.

Here is 30 days daily price of Bitcoin 10 years ago and over most recent month.

Volatility is down across all metrics. 

![](https://m.stacker.news/32559)

freetx

This is simply not true. Bitcoin was rock solid in 2018 for almost the complete year, and then all of a sudden it fell by 50% on 2019:

![](https://m.stacker.news/32555)

This will be the reality of bitcoin forever as long as it remains being a liquidable asset and not a currency. That's specially true in your last argument: "since gains are constantly sold and likewise dips are bought" implies that fiat backs bitcoin, thus bitcoin will remain an asset and never can be adopted massively as a currency. By "massively" I mean the user-base *and* the volume (of bitcoin, not of USD).



didiplaywell

bitcoin

The Paradox of Bitcoin Adoption

Its already less volatile than it was. See random screen grab of 5 weeks from 2013 vs 5 weeks from 2024.

![](https://m.stacker.news/32529)

![](https://m.stacker.news/32530)

Increases in trading volume (and the sophistication of those traders), will lead to further and further declines in volatility. 

Most professional traders utilize balanced portfolios (eg. simple example of 90% BTC / 10% Fiat). Such trading structures automatically lead to less volatility since gains are constantly sold and likewise dips are bought during the monthly rebalancing.

