Why Bitcoin’s Volatility Is a Feature, Not a Bug

Why Bitcoin’s Volatility Is a Feature, Not a Bug
I’m a financial advisor, and my clients own bitcoin. A few of them remind me frequently about bitcoin’s price volatility, which they consider to be a problem.I used to think that, too, but I was wrong. Bitcoin’s price volatility isn’t a bug – it’s a feature, and one that’s ultimately beneficial.This article originally appeared in Crypto for Advisors, CoinDesk’s weekly newsletter defining crypto, digital assets and the future of finance. Sign up here to receive it every Thursday.Bitcoin is ‘digital gold’To understand why, consider first that bitcoin is an Internet-native hard money asset – i.e., it’s “digital gold.” Real gold…