Does the historically low Bitcoin price volatility make it a currency?

Does the historically low Bitcoin price volatility make it a currency?

The Bitcoin price suffered greatly last year. At the same time, its volatility is at a historical low. Will BTC critics finally admit that it is a currency?

The cryptoma markets recover in January, but there is no certainty whether the valley sole is reached. Almost all important cryptocurrencies have risen in double digits on the seven-day chart.

The Bitcoin Prize has increased by over 20 % and has exceeded the $ 20,000 mark.

cryptoma markets explode until the start 2023: BTC increases by 23 %

The cryptoma markets seem to be positive to the latest CPI report. The official US inflation dimensions dropped the prices in December and calmed down the global fear of recession.

But the explosion of crypto prices has a long way to speak of a constant recovery of the Bitcoin Prize.

An interesting aspect of this crypto winter is, however, freezing the Bitcoin price volatility. Even with an overwhelming crypto price rally, the 24-hour price volatility of Bitcoin has hardly moved upwards.

While a recently published report of bitcoins "volatility smile" speaks in Yahoo Finance, the reader should be pointed out: The volatility smile article refers to crypto derivatives, Bitcoin put and call futures options.

The volatility of the Bitcoin Prize itself has no crooked smile on the charts that go this weekend in mid-January. The price remains very stable with a smooth bow, while the original gangster crypto acts.

Bitcoin volatility is on a long-term historical deep

In the long term, the volatility of Bitcoin has remained very stable in a historical downward trend for over a year. Some advantages of volatility are that they often go hand in hand with an extensive bull run, can make experienced crypto retailers from it, and creates incentives for liquidity and attracts more capital for crypto.

volatility is not only bad. On the other hand, Bitcoin's critics say that it is not a currency due to its volatility. They argue that it cannot be used as a medium if it is much more or less worth it in the afternoon than in the morning.

Well, that seems to change, it seems. The Bitcoin price stabilizes, although it spends a few months to search where it can consolidate.

Since the volatility is constantly decreasing, does the BTC already make a currency? All anti-Bitcoin people in Davos or on CNBC keep saying that it is not a currency because it is too volatile. Who would buy coffee with it?

Now it achieves a larger daily price stability to a larger scale than ever. Will one of the NOSAGER admit that one day it could develop into the daily driver of your household? What if one of these years does before 2030? Will you then admit it (maybe even use your morning coffee)?

This is a favorable time for the question: Is Bitcoin already a currency?

Because when Bitcoin is in a bull market, his critics say that it is too volatile to be a currency. If it is in a bear market, they say that it is not an inflation protection. Which is it to save the logicists of crypto -critics that they still have their cake and also eat it?

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